Qualified plans must meet certain requirements, which are determined by tax law. Generally, the financial institution that serves as plan custodian will help the taxpayer meet the qualifications of the plan and notify the taxpayer of any updates. The following qualification rules also apply to a SI...
Other circumstances may require you to file Form 5329, including: When you receive a distribution from a retirement plan that meets an exception to the early distribution penalty but the exception is not indicated on theForm 1099-RorForm 1099-Qissued by the issuer or account custodian. In this...