CJS07 Posted June 14, 2017 Posted June 14, 2017 We have a client with pooled assets. The client's CPA 'manages' the items that need to be done annually. The CPA forgot to get the annual RMD for the owner processed (after several reminders). The RMD came out of the account on 1/20/17 and should have been out 12/31/16. Is the remedy a 5330? Suggestions?
Belgarath Posted June 14, 2017 Posted June 14, 2017 It's a 5329, and you can file it attaching a statement and request a waiver. The IRS is generally pretty reasonable about this. If they don't grant the waiver, the client may be going after the CPA for reimbursement...
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