You are required to file a separate 5329 for each tax year using the 5329 for for that year. Past years form can be obtained here:
https://apps.irs.gov/app/picklist/list/priorFormPublication.html;jsessionid=ZIBAezmlBR40D89ZdXjcpNDs...
From 5329 instructions:
Quote:
"Waiver of tax. The IRS can waive part or all of this tax if you can show that any shortfall in the amount of distributions was due to reasonable error and you are taking reasonable steps to remedy the shortfall. If you believe you qualify for this relief, attach a statement of explanation and file Form 5329 as follows.
1. Complete lines 52 and 53 as instructed.
2. Enter “RC” and the amount you want waived in parentheses on the dotted line next to line 54. Subtract this amount from the total shortfall you figured without regard to the waiver, and enter the result on line 54.
3. Complete line 55 as instructed. You must pay any tax due that is reported on line 55.
The IRS will review the information you provide and decide whether to grant your request for a waiver. "
I would include the explanation above and a copy of the letter from the bank admitting fault. The IRS usually always grants the waiver if the missed RMD has been satisfied.
**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.**
