Mailing Form 5329 for Missed MRD
Is it acceptable to mail 2013 form 5329 and letter of explanation now for a missed 2013 MRD instead of waiting to file with 2013 Tax Return? Don’t plan to include payment, rather a detailed explanation of why missed and documentation that it has been taken now, only 2 weeks after end of year.
Permalink Submitted by Alan - IRA critic on Sat, 2014-01-18 19:37
Better to just add it to your 2013 return. The IRS will not try to levy a penalty for the late RMD before the tax due date.