I Need To Retire
If you have a Code G on your 1099-R, your distribution was a _____
Rollover
A single taxpayer with $35,000 or more of combined income will have their social security taxed at this percent
85%
Cancellations of Debt are shown on this Tax Form
1099-C
Normal distributions are tax exempt if you opened this type of IRA
Roth IRA
You can start receiving retirement benefits from Social Security at this age
62
If you aren't insolvent, you may still write off your cancelled debt if you declare Chapter 11 of this
Bankruptcy
Want to know the value of your IRA? Your Wage and Income Transcript shows your IRA's Fair Market Value and annual contributions on this tax form
5498
On a 1099-SSA, you may see health insurance premiums deducted from this type of health insurance
Medicare
If your business loans money that won't be paid back, you can write if off as this type of business expense
Bad Debt
Retirement Contributions may get you the Saver's Credit that you can file for on this Schedule
8880
If a 1099-SSA shows distributions from multiple tax years, a tax preparer can report them all in the same year using this method
Lump-Sum Election Method / Lump-Sum Method
If you received a 1098-E, you were probably paying on this
Student Loan Interest
in 2020, if you elected for a COVID-Related Distribution, you had to file this Schedule
8915-E / 8915
Unlike social security income, which is based on prior work history and is unaffected by being claimed as a dependent, being claimed as a depending may affect your eligibility to get this SSI
Supplemental Security Income
To determine the eligibility of 982 exclusion, we generally provide this to clients, found on Publication 4681
Insolvency Worksheet