- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
After you file
LOL ... this rule has been in place for many years. A 990 is required to be filed if needed per the 990 instructions. Sadly if you choose to pay the taxes/interest/penalties with IRA funds then that amount that is considered a distribution which is taxable on your tax return. Reconsider the type of investments held in the IRA in the future to avoid this situation.
‎June 12, 2021
11:39 AM