A Remedy For Missed IRA Distributions

“It can be reduced to zero or totally waived if you request an abatement of the penalty on Form 5329,” Slott said. “But they will only abate it if they feel you acted in good faith. That means you discovered it before they did.” Alzheimer’s disease is one good reason, as is advisor error, a misunderstanding of the rules or a death in the family, he added.