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  • 2004 Form 5329

Get 2004 Form 5329

Nternal Revenue Service Revised proofs requested OMB No. 1545-0203 2004 Attach to Form 1040. Attachment Sequence No. See separate instructions. Name of individual subject to additional tax. If married filing jointly, see instructions. Signature O.K. to print Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts Fill in Your Address Only If You Are Filing This Form by Itself and Not With Your Tax Return Date 29 Your social security number.

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Form 5329 - Internal Revenue Service
Enter your excess contributions from line 16 of your 2003 Form 5329 (see instructions)...
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Form 5329 - Internal Revenue Service
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2004 Instructions For Form 1040 (ALL) P 72 I1040
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Attach a letter of explanation to Form 5329. The letter should include why the RMD was missed, the fact that it has now been taken, and describe the steps taken to ensure that future RMDs will be taken as required.

The Notice says the IRS will not impose the 50% penalty for missed 2021 or 2022 RMDs within the 10 years if the account owner died in 2020 or 2021 on or after their RMD required beginning date with a designated beneficiary who is not an eligible designated beneficiary (EDB).

If you miss the required minimum distribution (RMD) for your retirement account, you'll essentially have two choices: pay a substantial fine or apply for a waiver. Either way, you'll have a bit of paperwork to fill out, and of course you'll have to fix your mistake and take the required distributions.

All tax forms must be filed by the due date, typically on or about April 15, including extensions. If you do not have to file an income tax return, Form 5329 can be completed and filed on its own.

Form 5329 is the tax form used to calculate possibly IRS penalties from the situations listed above and possibly request a penalty waiver. Form 5329 applies to each individual that might owe a penalty, so for married couples filing jointly, each spouse must complete their own form.

Use Form 5329 to report additional taxes on IRAs, other qualified retirement plans, modified endowment contracts, Coverdell ESAs, QTPs, Archer MSAs, or HSAs.

When filing your taxes, it's important to make sure you're reporting all of your income correctly. That includes making note of early distributions from qualified retirement plans or other tax-favored accounts that may be subject to a 10% early withdrawal penalty.

If you've missed an RMD, here's what to do to correct the error Take the RMD as soon as you discover you have missed it. ... After taking the RMD, file Form 5329 for each year an RMD was missed. ... Repeat this procedure for each tax year an RMD shortfall occurred, using Form 5329 for that year.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232