I forgot about the loophole that lets you keep your earnings on not-allowed contributions in your Roth IRA if you wait the designated time ( I believe Oct 15th of the next year ) and satisfy the other requirements.
@CopiousZoid I guess you did not know of this loophole. Few people are aware of it.
Yes there is no tax or penalty to take out your own contributions because it is a Roth.
You can't get a waiver on the yearly 6% excess contribution tax.
