MEPL Posted March 5 Posted March 5 The RMD amount for the owner was miscalculated and was too low. What is the correct way to fix, and what are the tax ramifications? Does the fact that it occurred more than five years ago have relevance?
Lou S. Posted March 12 Posted March 12 I would assume the correct way to fix is through EPCRS. More than 5 years ago would reduce the audit risk as that's a now a closed year but I'm not sure that changes the answer if you want to fix it properly. Has this been an ongoing problem or a one time more than 5 years ago problem that was just discovered for some reason.
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