New tax rules introduce "Trump Accounts," raise 1099 thresholds, expand Opportunity Zones, and add new taxes on remittances ...

A veteran from The Villages contacted my office after he had still not received his Form 1099-R from the Defense Finance and Accounting Services (DFAS) for tax year 2024, preventing him from filing ...

The 1099-R form is required to reflect the previous year’s benefit payments to retirees. In 2022, RRS issued one-time bonus payments misclassified as “non-taxable” in its payroll system.

New Rules for Form 1099-K For the 2023 tax year, third-party payment processors only needed to send out 1099-Ks if account holders conducted more than 200 transactions totaling at least $20,000 in ...

$5,000 in 2024 $2,500 in 2025 $600 in 2026 and after According to the IRS, you may receive a Form 1099-K even when total payments are less than the reporting threshold.

There's plenty to do in January. But there's one item on your to-do list that you might have overlooked. That would be to check your 1099-R, the form is used to report the distribution of ...

Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers ...

A lower threshold of $5,000 for 2024 means a bigger paper trail for the Internal Revenue Service to follow relating to taxable transactions. This year, "a lot more people are going to get a 1099-K ...

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 ...

IRS Form 1099-Rs for retirees, annuitants, and former spouses went online via myPay on Dec. 17, according to DFAS, which published a myPay rollout list of tax documents Dec. 10. Hard copies (for those ...