PDF
Word
This version of the form is not currently in use and is provided for reference only. Download this version of
Instructions for IRS Form 5329
for the current year.
Instructions for IRS Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
This document contains official instructions for IRS Form 5329 , Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 5329 is available for download through this link.
FAQ
Q: What is IRS Form 5329?A: IRS Form 5329 is a tax form used to report and calculate additional taxes on qualified plans and other tax-favored accounts.
Q: What are qualified plans and tax-favored accounts?A: Qualified plans and tax-favored accounts include IRAs (Individual Retirement Accounts), 401(k)s, 403(b)s, and other similar retirement savings accounts.
Q: Why do I need to file IRS Form 5329?A: You need to file IRS Form 5329 if you owe additional taxes on distributions or contributions made to your qualified plans or tax-favored accounts.
Q: What types of additional taxes can be reported on IRS Form 5329?A: IRS Form 5329 can be used to report additional taxes such as early distribution penalties, excess contributions, and prohibited transactions.
Q: How do I calculate the additional taxes on IRS Form 5329?A: The instructions provided with IRS Form 5329 will guide you on how to calculate the additional taxes based on your specific situation.
Q: When is the deadline to file IRS Form 5329?A: The deadline to file IRS Form 5329 is usually April 15th, unless an extension has been granted.
Q: Do I need to attach any supporting documents when filing IRS Form 5329?A: You may need to attach supporting documents such as Form 1099-R or Form 5498 to substantiate the information reported on IRS Form 5329.
Q: Can I e-file IRS Form 5329?A: No, IRS Form 5329 cannot be e-filed and must be submitted by mail to the IRS.
Q: What happens if I fail to file IRS Form 5329?A: If you fail to file IRS Form 5329 when required, you may be subject to penalties and fines imposed by the IRS.
Instruction Details:
- This 8-page document is available for download in PDF;
- Not applicable for the current tax year. Choose a more recent version to file this year's taxes;
- Complete, printable, and free.
Download your copy of the instructions by clicking the link below or browse hundreds of other forms in our library of IRS-released tax documents.
Download Instructions for IRS Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
1
2
3
4
5
6
7
8
