24/7 Wall St. on MSN

Fidelity’s 1099-R has a one-letter code in box 7 that tells the IRS whether you owe a 10% early withdrawal penalty. Code 1 means you do, code 2 means you don’t, and f…

Quick ReadA single Box 7 code on your 1099-R triggers or waives a 10% early withdrawal penalty, and Code 1 is the default for ...
findarticles

1099-MISC vs. 1099-NEC: Which Tax Form Should Your Business Use?

Businesses that work with independent contractors, landlords, consultants, and other service providers often need to report ...
24/7 Wall St. on MSN

The IRS sent 1.6 million CP2000 proposed changes letters last year, and most were triggered by a 1099 the taxpayer never saw. The letter isn’t an audit, and 30 days is t…

Quick ReadThe IRS sent 1.6 million CP2000 letters last year, closing 987,460 cases and collecting $5.9 billion in additional ...
24/7 Wall St.

Instacart Parent Maplebear Agrees to $5 Million Joint Settlement. A Retiree’s Back-Pay Check Could Complicate Social Security

A settlement check from a job you never got sounds like a windfall, but for a retiree already collecting Social Security, ...
24/7 Wall St.

She Inherited 400 Comic Books and Sold Them on eBay Over Two Years. Then the 1099-K Arrived, and So Did the Letter From Medicare.

A Form 1099-K from selling inherited comic books triggered something few retirees expect: a Medicare premium notice. How the ...
Wealth Management

RIA Platform Leaders Ask ‘What’s the Advantage in Having Your Own Form ADV?’

Mariner and WealthCare say advisors are getting fed up with SEC reporting requirements related to new technology.

How to Buy a House With a Gig-Economy Income

Freelancers, content creators and others face higher scrutiny in getting a mortgage than those with traditional incomes. Here ...

Tired of K-1 Tax Forms? Buy These 3 High-Yield Pipeline Stocks Instead

K-1 forms arrive late, complicate tax returns, and can create UBTI headaches inside IRAs, but pipeline income does not ...

Learn about the terror of the IRS! They show no mercy even to permanent residents! The reality of American taxation! Is Cromartie also a target?

This is about the tax reality for U.S.-born celebrities like Dave Spector, as well as Americans and Green Card holders who ...
JD Supra

[Webinar] Breaking the Ice® | Year-End Tax Reporting — Forms, Filings, and Common Corrections

As the calendar year comes to a close, retirement systems face a host of important tax reporting obligations. From Forms 945, 1099-R, and 1042-S ...

She Trusted a County Clerk to Pay Her Bills for $300 a Month. Police Say Nearly $159K Went Unexplained

A Missouri woman trusted a county clerk to manage her household bills for $300 a month. When she finally examined her bank ...
YAHOO!

The General’s Street Fighter II Giveaway Car Is a 1994 Lexus LS400 With 83,797 Miles and a $69,716 Value. Hadouken

The car you spent the Street Fighter II bonus stage kicking to pieces is now a sweepstakes prize, and its official rules value it at $69,716.25. It is a 1994 Lexus LS400 with approximately 83,797 ...