Why timing matters: Indirect rollovers have a strict 60-day deadline, and missing it can trigger taxes and penalties. Forms you’ll need: Form 1099-R reports distributions, while Form 5498 confirms IRA ...

IRS reporting focus: Form 1099-R remains central for withdrawals, rollovers, and loan defaults, with distribution codes guiding how transactions are taxed. Major 2026 updates: Higher limits, expanded ...

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

Roth IRAs are less common than traditional IRAs overall, but IRS data shows they’re used more often for new contributions Sabrina Karl has over two decades of experience writing about savings, CDs, ...

Converting a traditional IRA to a Roth IRA accelerates taxes rather than avoiding them. The best time to consider a Roth conversion is before Required Minimum Distributions (RMDs) begin. Factors like ...

The deadline for filing your taxes is fast approaching, and if you're doing a mad dash to assemble the necessary forms, all those numbers and letters – W-2, W-9, 1099 – can quickly overwhelm you. Some ...

Joan R. Roth was born in Aurora on March 31, 1940 and passed away on March 20, 2026. She was preceded in death by her parents John Ralph Roth and Mary Jeannette High Roth. Joan is survived by her two ...

It is with a profound sense of loss that we announce the passing of Janet R. (Roth) Schmidt on March 21, 2026. Janet was born to William and Fern M. (Dang) Roth on September 10, 1941 in Detroit, ...

Since its creation in 1998 under the Taxpayer Relief Act of 1997, the number of households with Roth accounts has grown rapidly. According to the Investment Company Institute, 44 percent of U.S.

With tax season in full swing, House Democrats are pressing the Office of Personnel Management for answers about reports that federal retirees and annuitants aren’t receiving paper copies of tax ...

If you’ve spent decades building a retirement portfolio inside a traditional IRA or 401(k), there’s a number you probably haven’t run: how much of that money the IRS will take from your heirs after ...