IRS Letter 5759C – Required Minimum Distribution Not Taken
It appears you have not taken the required minimum distribution from your IRA.
Type of notice: Return accuracy
Likely next step: Clear up an account error
Also see: IRS bill for unpaid taxes
Why you received IRS Letter 5759C
- You have a traditional individual retirement arrangement (IRA).
- You are at least 70 ½ years old and the required minimum distribution (RMD) has not been taken.
- The IRS sent Letter 5759C to notify you that IRS records show you have not taken the RMD from your IRA.
Notice deadline: If this notice arrives during the tax year in question, you have until December 31 to take the required minimum distribution (or until April 1 of next year if you turned 70 ½ this year and need to take your first required distribution).
If you miss the deadline: You may be subject to the 50% penalty.
Want more help?
Your tax professional can deal with the IRS for you. Learn more about H&R Block’s Tax Audit & Notice Services. Or make an appointment for a free consultation with a local tax professional by calling 855-536-6504 or finding a local tax pro.
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