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I'm retired. After retiring, I earned income that the IRS says must be treated as self employment income. I completed Schedule SE and determined my max contribution every year, always less than $1,000. I deposited the money into an old IRA. When I passed age 701/2 I kept depositing the annual SEP contribution, but I did start my RMDs for the IRA. The IRA Holder recently notified me of the excess contributions for 2010, 2011, 2012, and 2013. I have pulled out the contributions plus their associated earnings. What IRS form do I now use to report this action and pay the penalties. Do I submit a 1040X for each year? Are the associated earnings reported on that 1040X or in my 1040 for 2014? How do I use the Form 5329, since the penalties repeat each year until the excess contributions are withdrawn?
