Tax Guides
6 guides on IRS forms · show all guides
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- IRS forms
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IRS forms, explainedJun 14, 20265 min
HSA Forms Explained: How to Read IRS Forms 1099-SA and 5498-SA
Form 1099-SA and Form 5498-SA are the two informational statements that track money moving through your Health Savings Account: Form 5498-SA reports what went in (contributions), and Form 1099-SA reports...
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IRS forms, explainedJun 14, 20264 min
IRS Form 8889 Explained: How to Report HSA Contributions & Distributions
IRS Form 8889 is the form you attach to your Form 1040 to report Health Savings Account (HSA) contributions and distributions. It does two jobs: it claims your above-the-line tax...
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IRS forms, explainedJun 14, 20264 min
What is IRS Form 5498? The "May Panic" Form Explained
IRS Form 5498 is an informational statement your IRA custodian sends each May, reporting how much money went into your IRA during the year — contributions, rollovers, conversions, and the...
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IRS forms, explainedJun 14, 20265 min
Form 1099-R Box 7 Distribution Codes: What Each Code Means
Box 7 of Form 1099-R is a one- or two-character code that tells the IRS how your retirement distribution should be taxed — and, most importantly, whether it triggers the...
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IRS forms, explainedJun 14, 20265 min
What is IRS Form 8606? The Essential Form for Your First Backdoor Roth
IRS Form 8606 is the form you file with your 1040 to track your nondeductible (after-tax) IRA contributions and report Roth conversions. It is the only thing that tells the...
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IRS forms, explainedJun 14, 20268 min
IRS Form 5329 Explained: Penalties, Exceptions, and How to File
If you have tapped into your retirement accounts early, put too much money in, or forgotten to take a required withdrawal, you will likely need to deal with IRS Form...