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!
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.
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