If you have an IRA, you’ll receive Form 5498 Reviewed by Ebony Howard Fact checked by Vikki Velasquez IRS Form 5498: IRA Contribution Information is a tax form to report Individual Retirement ...

Here’s a way for saving, potentially, thousands in taxes on IRAs, including on those that you inherit: To get started, learn all about the IRS Form 8606. This article lays out the purpose of the ...

Few people would complain about receiving an inheritance, including one in the form of an IRA. However, there are some rules that you'll have to follow if you inherit an IRA, and they may create ...

Confused about your 1099-R and 1099? Learn the key differences between these tax forms and how they impact your taxes.

Individual retirement accounts (IRAs) are tax-advantaged retirement savings vehicles that you can set up yourself. Traditional, SEP, and SIMPLE (the only employer-established one) IRAs let you ...

or if you want employees to choose their own bank or financial institution (Form 5304). The contribution limits on a SIMPLE IRA are lower than other retirement savings plans. That means your ...

So, it doesn’t affect you. You still have RMDs, your stretch IRA, that extended payout, if you were a designated beneficiary, meaning named on the beneficiary form. However, if you inherited in ...