At 69 He’ll Roll His 401(k) Into an IRA and Get a 1099-R in January Showing the Whole Amount. Report It Wrong and the IRS Will Bill Him for Tax He Doesn’t Owe
A 401(k) rollover generates a 1099-R showing the full balance as a distribution, and thousands of retirees report it in a way that hands the IRS grounds to send a tax bill worth six figures.
A 401(k) rollover generates a 1099-R showing the full balance as a distribution, and thousands of retirees report it in a way that hands the IRS grounds to send a tax bill worth six figures.
This story was originally published by Yahoo Finance. Use the link below to read the full article at the source.
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