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IRS.gov Website
Instructions for Form 5329
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Part VIII—Additional Tax on Excess Accumulation in Qualified Retirement Plans (Including IRAs)(p6)

rule
You owe this tax if you do not receive the required minimum distribution from your qualified retirement plan, including an IRA or an eligible section 457 deferred compensation plan. The additional tax is 50% of the excess accumulation—the difference between the amount that was required to be distributed and the amount that was actually distributed. The tax is due for the tax year that includes the last day by which the minimum required distribution is required to be taken.
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Required Distributions(p7)

rule
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IRA (other than a Roth IRA).(p7)
rule
You must start receiving distributions from your IRA by April 1 of the year following the year in which you reach age 701/2. At that time, you can receive your entire interest in the IRA or begin receiving periodic distributions. If you choose to receive periodic distributions, you must receive a minimum required distribution each year. You can figure the minimum required distribution by dividing the account balance of your IRAs (other than Roth IRAs) on December 31 of the year preceding the distribution by the applicable life expectancy. For applicable life expectancies, see Figuring the Owner's Required Minimum Distribution under When Must You Withdraw Assets? in Pub. 590.
If the trustee, custodian, or issuer of your IRA informs you of the minimum required distribution, you can use that amount.
If you have more than one IRA, you can take the minimum required distribution from any one or more of the individual IRAs.
For more details on the minimum distribution rules (including examples), see When Must You Withdraw Assets? in Pub. 590.
taxtip
A qualified charitable distribution will count towards your required minimum distribution. However, the following transactions do not count towards your minimum required distributions for 2013:
  • You treated a QCD made in January 2013 as if it was made in 2012.
  • You received a distribution in December 2012 that you contributed, all or part of it, as cash (or cash equivalent) to a charity before February 1, 2013, and that contribution met the requirements of a QCD.
See Qualified charitable distributions under Are Distributions Taxable? in chapter 2 of Pub. 590 for more information.
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Trusts and estates.(p7)
rule
Include the amount of tax, if any, on Form 1041, Schedule G, line 7. Write From Form 5329 and the amount of the tax to the left of the line 7 entry space.
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Roth IRA.(p7)
rule
There are no minimum required distributions during the lifetime of the owner of a Roth IRA. Following the death of the Roth IRA owner, required distribution rules apply to the beneficiary. See Must You Withdraw or Use Assets? in Pub. 590 for details.
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Qualified retirement plans (other than IRAs) and eligible section 457 deferred compensation plans.(p7)
rule
In general, you must begin receiving distributions from your plan no later than April 1 following the later of (a) the year in which you reach age 701/2 or (b) the year in which you retire.
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Exception.
(p7)
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If you owned more than 5% of the employer maintaining the plan, you must begin receiving distributions no later than April 1 of the year following the year in which you reach age 701/2, regardless of when you retire.
Your plan administrator should figure the amount that must be distributed each year.
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Waiver of tax.(p7)
rule
The IRS can waive part or all of this tax if you can show that any shortfall in the amount of distributions was due to reasonable error and you are taking reasonable steps to remedy the shortfall. If you believe you qualify for this relief, attach a statement of explanation and file Form 5329 as follows.
  1. Complete lines 50 and 51 as instructed.
  2. Enter RC and the amount you want waived in parentheses on the dotted line next to line 52. Subtract this amount from the total shortfall you figured without regard to the waiver, and enter the result on line 52.
  3. Complete line 53 as instructed. You must pay any tax due that is reported on line 53.
The IRS will review the information you provide and decide whether to grant your request for a waiver.