1. The flat fee for 2018 is $695 per adult and $347.50 per child under 18 years old, but not over the maximum of $2,085 per family. 2. The percentage of household income for 2018 is 2.5% of your taxable income over the minimum filing amount for your filing status, but not over ...
Once an individual has taken remedial action with respect to an RMD shortfall (i.e., actually taken out the amounts that weren’t withdrawn in the first place), they should make sure that they report their error, and formally ask for “forgiveness” from the IRS. This is done by filing...