A 72-year old client tells you that, through personal oversight, required minimum distributions were not taken from his/her IRA beginning at age 70 1/2. You are aware of the penalty. What should you tell the client to do?

ent to do?

Do nothing.

File an amended return and ask for the excise tax to be waived.

File an amended return and ask for the excise tax to be waived and pay any tax due.

Take missed distributions but don't file an amended return.