The 1099-R form is packed with crucial information. The total distribution amount is shown in Box 1, indicating the total amount of money you received from your retirement plan during the tax year.

Again, the best way to think of the special 2020 RMD rollover is to look at the transaction in two parts: 1) the RMD distribution, which calls for IRS Form 1099-R, and 2) the rollover contribution ...

Employers cannot claim an adjustment or refund for taxes withheld on an uncashed distribution check, even if the check is ...

Clients will think something is wrong and be worried that IRS, which also receives a copy of the 1099-R, will think this is a taxable distribution. But the form doesn't tell the whole story. It ...

Read 2022 Instructions for Forms 1099-R and 5498 to learn more about Form 1099-R. Form 5498 You should expect to receive Form 5498, which is an informational return sent by your IRA account ...

For the 2016 tax year, General Electric Pension Trust (General Electric) issued Form 1099–R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts ...

TIGTA looked at the IRS’s Automated Underreporter Program, a compliance program, and found that it is effectively determining the proper reporting of retirement income when Form 1099-R, Distributions ...

The same year-long transition year will apply to 2023. The IRS says the move will reduce the potential confusion caused by the distribution of an estimated 44 million Forms 1099-K sent to many ...