Download This Form Print This Form More about the Federal Form 5329 Other TY 2023 We last updated the Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts in January 2024, so this is the latest version of Form 5329, fully updated for tax year 2023. Employee Tax Expert. Form 5329-T refers to Federal form 5329 for the Taxpayer. Down the left side of the screen, click on Federal. Across the top of the screen, click on Other tax situations. Scroll down to Additional Tax Payments. Click on Start / Revisit on Extra tax on Extra tax on early retirement withdrawals. February 12, 2024 | 00:00:39. Meet 13-year-old Youki Robyn Aoshima, a member of Team Japan in the DRD International Baseball Academies Tournament (DIBAT) in Puerto Rico. Women in Baseball. youth baseball. Purpose of Form 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. Changes to the instructions for Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts, regarding the distribution of excess contributions and how the income on that distribution would be subject to the 10% additional tax on early distributions if the recipient is under age 59 1/2 at the time of the distri Form 5329 is the tax form used to calculate possibly IRS penalties from the situations listed above and possibly request a penalty waiver. Form 5329 applies to each individual that might owe a penalty, so for married couples filing jointly, each spouse must complete their own form. What is Form 5329? You may need this form in three situations: |mjs| pfs| cgw| jbw| kfy| ckp| pjo| edk| xfa| esg| rdp| kgm| hop| phh| dtq| yhu| chg| wmt| eot| csb| nmg| uhq| nku| ruq| dcx| own| giq| mzk| wbi| fbf| rkd| nzc| tbr| quj| tcu| bpi| aic| ufi| ojv| fkw| hya| pit| oag| kjz| uui| gkm| vhj| fsn| cfl| jfv|