At my previous bank b/d, a 76 yr old bought an IRA Fixed Annuity. She recently called and asked to meet, as she could not get the annuity company to fix her listed age, and she had also missed an RMD. She was confused--I agreed to meet. Turns out, she did file the 5329 for the missed RMD but the IRS did not waive it. (what had happened is common: no RMS needed in 2009; forgot about it in 2010 and her broker (me) missed it). Anyway, I then helped her write a letter to the IRS over her name. She requested a Waiver of the penalty (750.00 about), explained that the listed age may have been wrong, and showed that she had taken "reasonable steps" to remedy the situation (which she had). Q: if it is NOT  waived, and she decides to blame me, BUT I now work for a different b/d, what happens? Who pays the 750.00?