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Normally, I would agree with you, but they put a new RMD rule in place, it reduces the penalty from 50% to 20% IIRC, and abatement is only half of the penalty. I have not had to request penalty relief yet under the new scheme, so I am not sure if you could slip the old way through. Tom Longview, TX

It is the same procedure as it was in earlier years. Basically you don't show or pay the penalty and attach a statement requesting the waiver. This is a portion from the pertinent section of the form 5329 instructions on how to report this, but the entire instructions for this section should be read:

The full penalty is still waivable. Request waiver of the full amount. Don't pay any penalty upfront. Let the irs decide if they're going to impose the penalty, then pay it if they do.

So do I

You lost! I'm 88.

$86

I thought the tax software sent appropriate returns when required, such as a federal return to a state or a NR state to your resident state to support a credit for taxes paid. That would reduce the number of files you'd have to attach and reduce your attachment KBs.

Thanks for feedback. It seems the trust fiduciary and attorney are already on it. No worries for me for 2024 as the client passed early 2025. It was a grantor trust that must have had directions for survivor when one died. I'll have all the information needed well in time for 2025 filing but business as usual for 2024. And I've been promised a copy of the original trust and new creation. The bank officer said the grantor was the deceased with both spouses as trustees so trust is now irrevocable with EIN. I suspect that surviving spouse will receive income but will know more when we meet.

Well, I am a good loser. Send me the arrangements.

I was able to stop using my big magnifying glass when I had cataract surgery and had them put in fancy lenses right before Covid. I turn 78 this year, so I'm still a youngster!

If the parents are eligible to claim the child but do NOT claim the child, then the child still is NOT able to claim herself but CAN claim the non-refundable part of AOC. How you enter that in your software, I don't know because I don't use ATX. Someone here will tell you, or contact your tech support.

I have attached PDFs over a megabyte without problems. Once, I had one that was too big and received a cryptic efile rejection error. Ultimately, I shrank it down further with Acrobat, and it went through.

Of course, you will renew. Stick with this old wagon train. Sometimes, I think they need us!

The CF form is not available until Feb 17. I am waiting for it also.

Definitely read the trust docs. You might even end with the A-B trusts that used to be the way to go when the estate tax exemption was small.

By any chance did she take more than required from her IRA? Did she elect to treat his IRA as her own? If yes to both of these, she may be able to minimize the hit on the missed RMDs as the total of both IRAs is used to calculate the RMD for her for each year. For example, if her RMD was 10K, and his was 10K, but she took 15K each year (5K more than her RMD) she would only be required to pick up 5K for the year. Not sure if this helps, but something to look at. Tom Longview, TX

I threw out my magnifying glass when I started working from PDFs of records. You can zoom in as far as you need to on screen.

Thanks to all who responded. Good to know there are other old fossils besides me.

Yes, read the trust document. (I haven't had a joint trust.)

https://dor.mo.gov/taxation/individual/additional-resources/non-residents.html

Just to be clear, there is one AOC per student, not per institution. You total the expenses for all instututions to claim the credit. There is room for two institutions on Form 8863 - add more if needed. For the LLC, there is one credit per tax return, regardless of the number of students or institutions. There is no choice as to whether someone can be claimed as a dependent - the support worksheet is needed. There is a choice as to whether someone is claimed as a dependent. The AOC is a bit unusual in that someone who can be claimed as a dependent but is not so claimed can still claim the AOC for themselves - at least the non-refundable part. For the refundable part, you must follow the rules for the kiddie tax, which are similar to but not the same as the rules for dependency. See the instructions for line 7 of Form 8863.

Whoever claims the dependent will claim the education credit regardless of who pays the tuition costs. You will just enter 2 1098T forms on the education expense worksheet.

It is my understanding that the tuition credit follows the exemption; regardless of who actually pays it.