MRD

[eapat]

Client did not take his Minimum Required Distribution from his IRA in 2012.  He told me his financial advisor told him he could sign a waiver form that exempted him from taking the distribution.  He signed the waiver but does not have a copy of it.  I can not find anything stating that a person can waive taking a MRD in 2012 (apparently there was a waiver in 2009 but that has expired).  Before I call his advisor I want to see if anyone more knowledgeable <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>then me on this matter knows of any waiver for 2012.

As always, thanks for the education.

Pat

[mwcpa]

You can have him request a penalty waiver on form 5329.

look up a guy named Ed slott, he is a pension and IRa guru.  He writes a lot.  You may find something.

[Colleenz]

And mwcpa is a free tax advisor GOD!  Seriously, the best free answers ever.