@unsureof1099s wrote:
Thanks. Do I have to pay the penalty (which is a lot) and then hope to get it back, or can I just send the form? The form says to pay the tax.
I have records showing I took out the RMD in January and I'm sending that and mentioning that I e-filed already. Not amending with 1040x though.
As of now, you technically owe the 50% penalty because the waiver has not been approved. But, you should not pay it. File your return but don't make the payment. If the waiver is denied (this is extremely rare) the IRS will send you a bill. If the waiver is approved, the tax due will be removed from your account.
