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April 14, 2025
Question

My husband incurred a penalty based related to his RMD for 2024. He was diagnosed with Alzheimers in 2023 and cannot handle his affairs. Would he quality for a waiver?

  • April 14, 2025
  • 1 reply
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1 reply

fanfare
April 14, 2025

IRS invariably waives the penalty for any reasonable cause.

reasonable means, not fraudulent and not frivolous.

 

TurboTax provides a box to enter your explanation. This subtracts the penalty automatically.

 

@debbie-holt0409