I am eager to hear responses. I have 2 clients - 1 primarily with Vanguard, which had a software reorganization and didn't issue RMD in the process.
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Martha A Berghahn
CPA
BERGHAHN TAX AND ACCOUNTING SOLUTIONS, LLC
Sparta NJ
914-260-1587
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Original Message:
Sent: 03-28-2024 12:44 PM
From: Yves Richards
Subject: Client did not receive RMD for 2023 what are the chances of getting a waiver with form 5329?
Client works with a broker who arranged for RMD in 2022. However, he didn't do it in 2023, meanwhile the client thought that it was set up to be an automatic distribution. She had many conversations with the broker during the year and not once did he mention the 2023 RMD. I'm wondering if that explanation might suffice to wave the 25% penalty?
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Yves Richards
CPA
Yves Richards, CPA
Baldwin NY
516-316-3363
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