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Fl 1099r Instructions Form

Fl 1099r Instructions Form

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Instructions and help about Fl 1099r Instructions Form

[Music] hi it's the tax geek with more of your taxes oversimplified today we're going to do a deep dive into the 1099-r form a 1099-r form is primarily for reporting various types of retirement income however you don't have to be retired to receive one [Music] anyone who receives a payout from any type of retirement plan or annuity can get one [Music] you can get one when you leave a job and your 401k balance is distributed to you or when you for one reason or another take money out of your company's retirement plan before age 59 and a half much like a w-2 there are a lot of boxes on a 1099-r form and this video will not go into detail on all of them however i will explain most of the boxes that affect a typical taxpayer first of all we have the left hand side of the form this is where all the information on the payer and the recipient goes including the employer identification number of the payer and the social security number of the recipient [Music] s

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