Regulatory and Legislative

2022 Tax Year IRA and Retirement Plan Reporting Forms 1099-R, 5498

FuturePlan ERISA Team December 13 2021

The IRS has posted at its website the 2022 tax year version of Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., and Form 5498, IRA Contribution Information. As the title implies, Form 1099-R is filed by financial organizations and service providers to report to account holders and the IRS distributions from tax-qualified retirement savings arrangements. Form 5498 more narrowly reports IRA-related information, including contributions to IRAs, SEP plans, and SIMPLE IRA plans; end-of-year fair market values; rollovers; conversions; recharacterizations; etc. These forms will be reviewed for any significant changes from the 2021 tax year versions, and findings will be shared as appropriate.

Forms and Publications Retirement Employer Savings Individual

Regulatory and Legislative

DOL Final Rule Updating VFCP Has Left OMB

DOL Final Rule Updating VFCP Has Left OMB

Department of Labor guidance titled “Adoption of Amended and Restated Voluntary Fiduciary Correction Program” has left the Office of Management and Budget.


Show more