Missed RMD
Am I correct that California has no provision for excise tax on failure to take an RMD comparable to the 50% assessed by the IRS?
Am I correct that California has no provision for excise tax on failure to take an RMD comparable to the 50% assessed by the IRS?
Permalink Submitted by Alan - IRA critic on Wed, 2014-04-09 21:50
That is correct. But they still have their own early withdrawal penalty.