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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549OMB APPROVAL OMB Number: Expires:32350101 May 31, 2017Estimated average burden hours per response 1.00FORM 144SEC USE ONLYNOTICE
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IRAMDCOM stands for Individual Retirement Account Minimum Distribution Compliance. It is a form that needs to be filed for reporting required minimum distributions from individual retirement accounts.
Anyone who has an individual retirement account and is subject to required minimum distributions by the IRS is required to file IRAMDCOM.
IRAMDCOM can be filled out online through the IRS website or by using tax preparation software. It requires information about the account holder, the retirement account, and the required minimum distribution amount.
The purpose of IRAMDCOM is to ensure that individuals are taking their required minimum distributions from their retirement accounts as mandated by the IRS.
Information such as the account holder's name, account number, amount of required minimum distribution, and any penalties for not meeting the distribution requirements must be reported on IRAMDCOM.
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