By signing this form, you grant an authorized representative, such as a tax attorney, CPA, or enrolled agent, the ability to manage certain aspects of your tax affairs with the IRS. Since your tax ...

Form 6251: Alternative Minimum Tax-Individuals is an Internal Revenue Service (IRS) tax form used to determine the amount of alternative minimum tax (AMT) that a taxpayer may owe. Some taxpayers ...

While most IRA distributions are taxable, QCDs avoid taxation if they are sent directly to a qualifying charity by the IRA ...

Keep in mind that you’re not the only one who receives these forms – the IRS is getting copies, too. Here’s everything you need to know about 1099s at tax time. A 1099 is a tax document that ...

These investment tax documents show key elements of your income, including interest, dividends and capital gains, among other things. While it may be easy to forget investment income, if you’re not ...

Trending Now: A 1035 exchange is a like-kind exchange that allows a tax-free exchange of a life insurance policy ... When you perform a 1035 exchange, you must report the transaction using IRS Form ...

Report the rolled-over amount to the IRS found on form 1099-R. One alternative to rolling over a 401(k) is to cash it out. This is where you do not redeposit funds to a tax-advantaged retirement ...

Required minimum distributions loom for millions of seniors who have reached age 73. These distributions from retirement ...

They may cost participants increased income tax liability ... year. Forms 1099-R for distributions and cancelled checks to determine when distributions actually were made. And after testing for ...

A 1035 exchange is a like-kind exchange that allows a tax-free exchange of a life insurance ... you must report the transaction using IRS Form 1099-R. What Isn’t Allowed in a 1035 Exchange ...

Corrective distributions. Unless timely distributed, the IRS says, excess deferrals are: (1) included in a participant’s taxable income for the year contributed, and (2) taxed a second time when the ...