Does RMD change filing status?? My friend is single and seventy. He lives on social security only with very little in additional income. He has not filed a return for 5 years since he quit working. Now it is time to take his rmd from his employer sponsored IRA. His first withdrawal from the IRA will be about 1600.00.
Does he now have to start filing a return every year? And if not how does he notify the IRS he has complied with their rules??
Wingryder |