New IRS rules for inherited IRAs became effective last year. Pay attention to avoid a 25% penalty and a "tax bomb".

Inherited IRA tax rules: Recent IRS changes mandate beneficiaries to empty inherited IRAs within 10 years, with exceptions ...

Anyone with a tax-deferred retirement account must understand required minimum distributions (RMDs).

If you act quickly, you can salvage the situation.

Retirement should be a time to relax and enjoy the fruits of your labor, yet many retirees unknowingly engage in habits that could land them in legal trouble. While most people understand the basics ...

The conference call to discuss Farmer Mac's fourth quarter and full year 2025 financial results will be held beginning at 4:30 p.m. eastern time on Thursday, February 19, 2026, and can be accessed by ...

Those who turned 73 in 2025 have until April 1, 2026 to take their first RMD. Older adults who haven't taken their 2025 RMDs yet will likely face a tax penalty. It's possible to reduce the tax penalty ...

Form 1099-MISC is for miscellaneous income. But Form 1099-NEC is for payments to independent contractors and adds ...

Don't let tax season catch you off guard. We break down the key differences on a W-2 and 1099 forms that directly impact your ...

Advisers must be competent, reliable, and free from conflicts of interest for signing preparers to use their advice on a return or claim for refund.

You can approach the issuer and ask the issuer to reissue it correctly. If the issuer of the Form 1099 has already sent it to the IRS, ask for a “corrected” Form 1099.