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Retirement tax questions
@Heathrfam22 wrote:
Hi Champ,
I was just completing the 5329 form and was planning on requesting partial penalty relief, already had the forms in the envelope. After reading your message in regards to the penalty waiver and the exclamation advice, I am now going to ask for the full waiver of the penalty. And hopefully, this will all go away! (we paid the taxes on the money, didn't pay the penalty) I really really really appreciate your information and your description, especially the reasoning in layman's terms.
Thank you so much!!!!!
Heather
This thread is over a year old and has different subjects in it.
If you are asking about s missed RMD penalty then what year was it missed? There was no RMD requirement for 2020 so it was not missed if for 2020.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎April 21, 2021
11:38 AM