rmd
If someone did not take their RMD by 12/31/07.
Is there anything they can do to avoid the IRS penalty. This was done by mistake and not intentional.
If someone did not take their RMD by 12/31/07.
Is there anything they can do to avoid the IRS penalty. This was done by mistake and not intentional.
Permalink Submitted by Al Fry on Tue, 2008-01-15 19:55
They intentionally made a mistake? That’s a new one, however I would not use that as an excuse when filing the 5329, asking for a waiver of the 50% penalty. Of course the RMD needs to get withdrawn ASAP!