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Get Summary of Federal Form 1099 R Statements Department of 2022

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[Music] thank you understanding your 1099-r tax form what you need to know about this important tax document the 1099-r is an important tax document that the mtrs sends out every year in January to everyone who received either a recurring benefit payment or a one-time payment such as a refund from the mtrs this form details the amount paid to you by the mtrs for the previous calendar year in addition to other information that you will need to complete your annual federal income tax return please note mtrs benefit payments are not taxed by the Commonwealth of Massachusetts thus no state income tax can be withheld for you if you live outside of Massachusetts please consult with the Department of Revenue in your state of residence to determine your state income tax liability let's take a closer look at some of the fields you might need to reference when completing your tax return payers tin or tax identification number the mtrs employer identification number can be found in this b

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