Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 11-13-2013, 07:34 PM
Junior Member
 
Join Date: Nov 2013
Posts: 4
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



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
sole proprieter , needs to change llc status Janese909 Limited Liability Company 1 10-06-2013 08:11 AM
Recd Corrected 1099-INT after filing -- tiny change tj20191 Miscellaneous 3 04-02-2011 02:29 PM
Top Eight Facts About Filing Status Samatg For 2010 0 01-13-2011 04:44 PM
Tax Filing Status kmathur Filing Requirements 0 03-28-2009 05:07 PM
Choose Your Correct Filing Status Samatg For 2008 0 01-06-2008 05:54 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.