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0:07
YouTube
The 65 Files
Already Missed Your RMD? This One IRS Form Erases The 25% Penalty
Already missed your RMD? Don't panic — there's a single IRS form that can erase the entire 25% penalty, but only if you act fast. It's called Form 5329. You attach it to your tax return with a short letter explaining the mistake — illness, bad advice, confusion, anything reasonable. Then prove you've withdrawn the missed amount. The IRS ...
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