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Financial Planning / Tax Strategies


Subject:  Re: Mistakenly late RMD Date:  1/3/2013  12:51 PM
Author:  PosFCF Number:  117279 of 127547


Thank you, also, for your response.

She need not do anything with the IRS at this time. The first thing I would do is push back harder on the advisor and asset holding entity to find out what happened. They all should have document tracking systems. If the paperwork was in order and submitted timely to her advisor, then they should be able to process late.

That's been done but the holder of the actual equities is different from the Broker/Dealer and the equities holder is taking a firm position.

The advisor has already informed my friend that they will pay any penalties. I just wanted to know how she should proceed with the IRS.

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