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RMD enforcement by IRS

jnd2546
Level 4

Anyone have any insights on whether, as part of processing a return, the IRS calculates RMD's and would calculate penalties and send out notices as part of the return processing if distributions are not sufficient?  ( since they have 5498's and peoples age to calculate) .

 

Thanks!

 

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2 Comments 2
BobKamman
Level 15

They might have the computer hardware to do that in ten years or so.  I haven't even seen them send notices a year after filing, as they do with CP-2000.  

Just-Lisa-Now-
Level 15
Level 15

Ive personally never seen a letter/penalty regarding this and I have to think at some point in the past 25 years, at least one client would have forgot to take it, but IRS has never mentioned it.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪