What's New: 2010 Reporting Changes for 1099-R & 5498

Wednesday, December 2, 2009 at 11:33AM
Banking Spectrum in Compliance, Pension, What's New

The IRS has updated Form 1099-R and Form 5498 for tax year 2009. While no substantive changes were made to Form 1099-R, Form 5498 has been enlarged and reformatted to provide additional boxes for the collection of Required Minimum Distribution information.

These changes may be found at Form 1099-R Reporting Instructions and Form 5498 Reporting Instructions.

Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).