Complete Form 5329 Online in Minutes with AI

Form 5329 is used to report additional taxes on IRAs, retirement plans, or other qualified accounts. Upload your tax documents, and Simplicity AI calculates the additional taxes, fills in your account details, and generates a clean, ready-to-file Form 5329—without manual calculations or guesswork.

AI converts Form 5329 into a smart, interactive form. No confusing worksheets or manual math.

Upload retirement account summaries and let AI calculate additional taxes automatically.

Filing multiple sections? Simplicity AI guides you through each part of Form 5329.

Form INFORMATIONS

Filer's Name – Your Legal Name:

Enter your full legal name as it appears on your tax return.

Social Security Number (SSN):

Provide the SSN associated with the account reporting additional taxes.

Part I – Additional Tax on Early Distributions:

Report early withdrawals from IRAs or other retirement plans before the required age. AI calculates the tax based on IRS rules and any exceptions claimed.

Part II – Additional Tax on Excess Contributions to Traditional and Roth IRAs:

Include any contributions over the annual limit. The AI calculates penalties automatically.

Part III – Additional Tax on Excess Contributions to Qualified Retirement Plans:

Report excess contributions to plans like 401(k)s or 403(b)s. AI computes penalties and highlights required corrections.

Part IV – Additional Tax on Excess Accumulation in Qualified Plans:

Report excess amounts not distributed by the required minimum distribution deadlines. AI calculates any applicable taxes.

Part V – Additional Taxes on Early Distributions from Qualified Retirement Plans:

For early distributions not covered in Part I, including pensions or annuities. AI ensures totals and exceptions are applied correctly.

Signature and Date:

Sign and date Form 5329 to certify accuracy. Only authorized individuals may sign.

WHAT IS FORM 5329?

What Is Form 5329 and Who Needs to File It?

IRS Form 5329, officially called "Additional Taxes on Qualified Plans (Including IRAs and Other Tax-Favored Accounts)," is how taxpayers report extra taxes on early distributions, excess contributions, or missed required minimum distributions (RMDs) from retirement accounts. If you took an early withdrawal from an IRA, 401(k), 403(b), or other qualified plan, contributed more than the annual limit to your retirement account, or failed to take a required minimum distribution, the IRS expects a 5329.

Unlike your standard tax return forms, Form 5329 is used to calculate and report additional taxes owed. You prepare it, attach it to your Form 1040 when filing, and submit it to the IRS by the tax deadline. Late or incorrect filings can trigger penalties, additional interest, or IRS notices, so accuracy is critical.

If any of the following describe you, you are required to file Form 5329: You withdrew funds from a qualified retirement account before the required age, contributed more than the annual limits to your IRA or other retirement plan, missed your required minimum distribution for the year, or are claiming an exception to avoid the additional taxes.

The form may appear simple at first glance, but calculating the additional tax, applying exceptions, ensuring totals match your retirement statements, and filing it alongside your federal return can quickly become complicated—especially if you have multiple accounts or different types of distributions. That's where Simplicity AI makes the process effortless.

How to Fill Out Form 5329 Online in 6 Simple Steps

Upload your Form 5329 PDF to Simplicity AI. The platform scans the form, identifies all fields, and converts it into an interactive guide.

Upload retirement account statements, 1099-Rs, or other tax documents. AI extracts necessary totals automatically.

Enter your personal details, including name, SSN, and filing status.

Review the AI-calculated additional taxes in each part. Adjust only if necessary for accuracy.

Confirm any exceptions or corrections to early distributions or excess contributions. AI guides you through IRS rules to ensure compliance.

Export your completed Form 5329 as a clean PDF, ready to attach to your federal tax return.

Super Fast

Complete Form 5329 in minutes. Upload documents, and AI calculates additional taxes instantly.

AI-Powered

AI maps your retirement account data to the correct fields automatically, reducing errors.

Secure

Sensitive financial data stays private. Files are encrypted and never shared.

FAQs

FORM 5329: Frequently Asked Questions

Who must file Form 5329?

Anyone who owes additional taxes on early distributions, excess contributions, or missed RMDs must file Form 5329.

Can AI fill out Form 5329 for free?

Yes. Upload your Form 5329 and supporting retirement documents to Simplicity AI. The platform guides you through each step and automatically calculates additional taxes.

Do I need to file Form 5329 with my tax return?

Yes, Form 5329 is attached to your federal Form 1040. AI ensures totals and penalties match your return.

Are there penalties if I make a mistake on Form 5329?

Errors can trigger IRS notices or additional penalties. AI minimizes errors by automatically calculating totals and flagging missing information.

Is my data secure when using Simplicity AI?

Yes. All documents are encrypted, private, and never shared.

Common Mistakes When Filing Form 5329
(and How AI Prevents Them)

Using the Wrong Part

Many filers report early distributions in the wrong section or forget to apply exceptions. Simplicity AI automatically guides you to the correct part.

Incorrect Totals

Manual calculations for additional taxes can be tricky. AI extracts numbers directly from your uploaded documents to prevent errors.

Missing Exceptions

Some withdrawals or contributions qualify for exceptions that reduce or eliminate penalties. AI prompts you to apply exceptions correctly.

Failing to Report RMDs

Missed required minimum distributions carry hefty penalties. Simplicity AI checks your accounts to ensure RMDs are accounted for.

Submitting Incomplete or Unsigned Forms

Unsigned forms or missing fields make submissions invalid. AI highlights required signatures and missing data before export.

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