Money reported on a 1099 form is generally taxable, but not always – for example, you’ll receive a 1099 reporting withdrawals from 529s and HSAs but the money may not be taxable if you used it ...

You the taxpayer, not the entity issuing the 1099-R, are responsible for determining the taxable portion of the distributions. More:I'm at 'that age' when I have to take funds out of my IRA: School me ...

But some investors may receive other kinds of statements that they’ll need to file, including: 1099-R This document reports income from retirement accounts such as a 401(k), IRA, pension or an annuity ...

Settlement agreement wording is important and can help avoid tax trouble. It does not bind the IRS, but helpful tax language in a settlement agreement can resolve audits.

A nonqualified annuity, for example, can only be exchanged for another nonqualified annuity or a long-term care policy. This gives life insurance contract holders more flexibility when exchanging ...

For example, let’s look at a person who is married ... unbiased content in our editorial policy. U.S. Congress. “H.R.1 — An Act to Provide for Reconciliation Pursuant to Titles II and ...

Revoking a Power of Attorney If you ever want to change your representative, for example, if you hire a new CPA, you must complete a new Form 2848. Filing a new form automatically revokes the ...

You'll receive tax form 1099-K if you earned more than $5,000 ... transactions through third-party apps isn't always easy. For example, money your roommate sends you through Venmo for dinner ...

If you want to become wealthy, an essential habit you should create is regularly investing a portion of your income in a ...

To ensure this reporting — which is a deviation from an older rule with a higher threshold — third-party payment platforms will be required to send eligible business account holders a Form ...

Fortunately, there are plenty of tax-advantaged options available for 1099 workers. As an independent contractor, a team of advisors can make a big difference to your bottom line in retirement.

Protecting yourself from identity theft, VITA program, Form W-9, presidential campaign tax proposals, green card status and ...