The two most important numbers on Form 1099-R are in boxes 1 and 2a. Box 1 includes the total amount of money that the financial institution distributed from your retirement account.

The IRS suggests that if you don't receive a Form 1099-R, you should ask. However, don't ask about most 1099s, including the common Form 1099-MISC. Why do I suggest not asking?

The Mallorys received the Form 1099-R from Monarch Life before the April 15, 2012 filing deadline. The only tax adviser that they paid, Miller, suggested there would be a tax liability.

Your 1099-R tells the IRS a story about your IRA distributions. But what if the story is not true? If a distribution was made from your IRA during 2024, your IRA custodian must send you a Form ...

What clients will be calling about won’t be what’s on their 1099-R form, but rather what’s not on there. While Form 1099-R provides valuable information, it does not paint a full picture.

Your Form 1099-R isn’t going to tell you what portion of that distribution isn’t taxable and if you report the gross distribution, you’ll likely be paying more tax than the law demands.

A 1099-R is similar to the W-2 received by salaried workers. It lists the amount paid and the amounts withheld for state, federal and local income taxes. What was wrong with the 1099-R tax form?

The two most important numbers on Form 1099-R are in boxes 1 and 2a. Box 1 includes the total amount of money that the financial institution distributed from your retirement account.

Your 1099-R tells the IRS a story about your IRA distributions. But what if the story is not true? If a distribution was made from your IRA during 2024, your IRA custodian must send you a Form ...