Many retirees and people who took Covid-related retirement plan distributions might need some extra time to work through their 2020 tax returns. Those who took distributions from traditional IRAs at ...

Q. My wife and I took out money from her 401(k) as a coronavirus-related distribution. We claimed the income on 2020 taxes with the 1099 sent to us. However, we used Form 8915-E and only paid taxes on ...

The IRS has issued a new "forever" form for taxpayers who took early distributions related to COVID-19 from their qualified retirement accounts in 2020. "Form 8915-F is a forever form" and replaces ...

As you read this in early February, your clients are receiving their annual 1099-R forms that report distributions taken in 2020 from their IRAs and other retirement accounts. Once they look the forms ...

The Coronavirus Aid, Relief and Economic Security (CARES) Act, signed into law in March 2020, provided a lifeline to many Americans struggling in the wake of the COVID-19 pandemic and the economic ...