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Information about Form 5329, Additional Taxes on Qualified Plans (including IRAs) and Other Tax-Favored Accounts, including recent updates, related forms and instructions on how to file. Form 5329 is used by any individual who has established a retirement account, annuity or retirement bond.
5329. Department of the Treasury Internal Revenue Service. Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts. Attach to Form 1040, 1040-SR, 1040-NR, or 1041. Go to www.irs.gov/Form5329 for instructions and the latest information.
Use Form 5329 to report additional taxes on: IRAs, Other qualified retirement plans, Modified endowment contracts, Coverdell ESAs, QTPs, Archer MSAs, HSAs, or. ABLE accounts. Who Must File. You must file Form 5329 if any of the following apply.
The IRS uses Form 5329 to report additional taxes on qualified retirement plans, including IRAs and other tax-favored accounts.
Certain retirement account transactions require you to fill out an additional form with the IRS. Here's when you might need a Form 5329 and how to complete this document.
If you are filing a return only because you owe this tax, you can file Form 5329 by itself. This information is found in Publication 501, Dependents, Standard Deduction, and Filing Information.
Form 5329 reports a taxpayer's use of a tax-advantaged savings plan that is subject to an IRS penalty. The form is filled out and submitted by the taxpayer with an annual Form 1040 or Form...