Form 1099-R (or IRS Form 1099-R )
Definition Form 1099-R (or IRS Form 1099-R or 1099-R). Form 1099-R Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., is a
Advisor Retirement Planning Resources
Tools that the financial, tax and legal advisor may use to simplify the rules and regulations that apply to tax-deferred retirement savings accounts- IRAs, Roth IRAs, employer 401(k) plans.
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Section 1035 Exchange
Definition A tax-free section 1035 exchange is the exchange of : (a) a life insurance contract for another life insurance, endowment, or annuity contract, (b)
Auditor
Definition Person who conducts an examination of any financial statements of the plan, and of other books and records of the plan. An audit is
Attorney-in-Fact
Definition Person authorized to act on behalf of another person, usually as stated within a legal document known as a power of attorney (POA). The
Independent Contractor
Definition A general rule is that you, the payer, have the right to control or direct only the result of the work done by an
Master Plan
Definition A plan that is made available by a plan sponsor for adoption by more than one employers with all the employers using a single
Mass Submitter
Definition Any person that: (1) has an established place of business in the United States where it is accessible during every business day and (2)
Principal Residence
Definition Principal residence may include a houseboat, a house trailer, or stock held by a tenant-stockholder in a cooperative housing corporation , if the dwelling
Private letter ruling (PLR)
Definition A written statement issued by the IRS to a taxpayer in response to the taxpayer’s requests to interpret and apply tax laws to the
Statutory Employee
Definition Some workers are deemed to be employees by statute. For an exempt organization, the most common employees in this category are its officers. In
