Yes, you can use Form 5329 to report and correct excess contributions to your IRA or retirement plan. To do so, you must enter the excess contribution amount on the appropriate line of the form (e.g., line 9 for IRAs and line 13 for qualified retirement plans) and calculate the additional tax, if applicable. You may not owe additional tax if you have already corrected the excess contribution by withdrawing it and any associated earnings before the tax filing deadline. The form includes instructions for reporting and correcting excess contributions.