Key IRS forms: Form 1099-R, Form 5498, and W-2 remain central to reporting 401(k) withdrawals, rollovers, and contributions accurately. Mega Roth gap: High earners barred from direct Roth IRAs can ...

When you take money from your 401(k) through a withdrawal, rollover or loan default, the IRS requires specific reporting on ...

Key reporting forms: Form 1099-R reports most 401(k) distributions, while Form 5498 confirms IRA rollovers; W-2s show contributions. Penalties and exceptions: Withdrawals before age 59½ may face a 10% ...

Discover what an honorarium is, when it's used, and how it's taxed by the IRS. Learn about honoraria in academic settings and ...

Taxing authorities’ use of these new tools and capabilities requires corresponding adoption by tax professionals.

That means that women, in many cases, stand to be the ones losing assets in divorce proceedings. As it stands now, about 40% of first-time marriages end in divorce, and the rates are much higher for ...

A new Motorola Razr leak may have revealed all the lingering questions you have about the 2026 base model, Plus, Ultra, and Fold.

New York Post may receive revenue from affiliate and advertising partnerships for sharing this content and/or when you make a purchase. Nobody really budgets for a financial car crash in April. But ...

The SECURE Act 2.0 significantly changed the retirement planning landscape—creating both new options and new complications. One often-overlooked change involves a new rule that allows employees to ...

Dear Liz: I have a savings account and a revocable trust money market account with an online bank. They provide the 1099-INT tax form for the savings account as a downloadable file. However, they do ...

A 1099-R form is a tax document that reports the distributions you received from your retirement, pension plans, annuities, or insurance contracts during the tax year. Knowing how to calculate the ...