Distributions from IRAs and Pensions Form 1099-R
Distributions reported on Form 1099-R include:
- Retirement or profit-sharing plans
- Insurance contracts
However, not all distributions reported on your Form 1099-R are taxable.
Ex: Funds you roll over into a new IRA aren’t taxable if you complete the rollover within 60 days.
The IRS will usually audit a tax return within three years after the return was filed. Learn more about IRS audit procedures from the experts at H&R Block.
If you owe tax debt for another tax year, your refund can be taken to pay the tax debt. Learn more about the Treasury Offset Program from H&R Block.
Get the facts from H&R Block about IRS representation. Your representative can interact with the IRS and advocate for you when you have a tax issue.