So what if a company has to correct a Box 7 amount on a 2019 1099-MISC and the new 1099-MISC Box 7 no longer exists? The IRS says corrections to 1099-MISC box 7 for tax years 2019 and earlier will ...

Brian, who’ll join his brother in Ithaca in the fall, had his own title to chase, with two-time reigning PIAA Class 2A champion Marple Newtown in Wednesday’s District 1 final.

Box 7: Code 1—Early Distribution With No Known Exception. Distributions made before you reach age 59½ are subject to a 10% additional tax, unless the amount qualifies for an exception.

If you qualify for an exception, but your IRA custodian inputs Code 1 in Box 7 of your 1099-R, your tax preparer must file IRS Form 5329 to override the Code 1 and claim the exception. Misleading ...