Question

RMD Waiver

Forum|Forum|3 years ago
March 8, 2023
1 reply
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I filed form 5329 for waiver of penalties for RMD underpayment. When/how will IRS inform me whether my waiver is approved?

A

AnnetteB6

If Form 5329 was filed with your tax return and the IRS accepts the waiver, then you will most likely not be notified of anything from the IRS. If they do not accept the waiver, then you will receive a letter requesting payment of the penalty for not taking the RMD. Either way, you may not get any kind of notification for at least several months.

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