The IRS has issued an updated version of Form 15397, “Application for Extension of Time to Furnish Recipient Statements.” The form is relevant to information reporting concerning IRAs. For instance, ...

If the IRS does not honor your waiver request ... "Retirement Plan and IRA Required Minimum Distribution FAQs." Internal Revenue Service. "Instructions for Form 5329, Additional Taxes on Qualified ...

Here’s a look at how withdrawal rules for an IRA or 401(k) may affect you in 2025. If you inherit an IRA from a parent, the 10-year rule applies to you. Beginning in 2025, many IRA beneficiaries ...

The rules governing withdrawals and distributions, however, can differ significantly from those of the original account. Some savers in the past employed the stretch IRA strategy, which allowed ...

Here's a closer look at how Roth IRA distributions work. You can withdraw Roth IRA contributions tax- and penalty-free at any time because you paid taxes on these funds in the year you contributed ...

The proper form to request a waiver is Form 5329 ... and more flexible early withdrawal rules. Roth IRAs can even be used for estate planning. Since you aren't required to make withdrawals ...

If you are 73-years-old or older and haven’t taken a Required Minimum Distribution ... owners should file Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored ...

"This is a useful tool to control your taxable income in retirement and supplement it with tax-free Roth IRA distributions — a move that is quite tactical." With a traditional IRA, you must take ...