5 Key Checklist Items for Reviewing Clients’ 2018 RMDs
Mar 11, 2019
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By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
An IRA owner who fails to take any required minimum distribution by the applicable deadline will owe the IRS a 50% excess accumulation penalty for any RMD shortfall. To make a proper determination of whether an IRA owner has an RMD shortfall, one must follow the guidelines provided in the RMD regulations.