Deadlines
This is the Tax Filing Deadline for 2022
When is Monday, April 18?
This is when TD Mails its 5498
When is May 31?
This is the month that all 1099-Rs should be mailed out by TD and Fidelity
When is January?
This section of the 1099 is used to track dividends
What is the 1099-DIV?
This is the deadline with extension for filing taxes in 2022.
When is October 17, 2022?
These two publications cover all IRS tax rules about IRA contributions and distributions
What are Publication 590 a and Publication 590 b?
A 5498 is critical for calculating this payout event
What is an RMD?
A 1099r contains this information
What is contribution amounts and coding?
This is what the IRS requires a custodian provide the client when they client makes less than 10$ in interest
What is Nothing?
This is when Roth Conversions must be completed by.
When is December 31, 2022?
This is what you should do instead of telling a caller how to fill out a tax form?
What is, guide them to resources? (I'm going to be generous here)
A 5498 contains the following information
What are contributions and year end value?
This is what shows up on your 1099r if you do an indirect rollover
What is a regular distribution?
This is used to track sales of securities.
What is the 1099-b?
This is the additional penalty that a client incurs if they do an excess removal late.
What is a 6% excise tax?
Under what circumstances should you be the decision maker on a tax call?
When is NEVER
If there is a question about what a line item on the 5498, this is where you go
5498 inst or IRS.gov
This is what shows up on your 1099r if you do a direct transfer of assets between custodians.
What is nothing?
This term is used to describe the price you paid for a security
What is Cost Basis?
Qualified disaster victims get an automatic tax filing extension to what date?
When is May 16?
What do you need to have to give Tax Advice to a client?
What is licensure and certification with the IRS?
This is what you can tell a caller if they're upset about the 5498 coming after the tax filing deadline
What is you don't need the 5498 if you know what you contributed?
This is how often you can do an indirect rollover
What is once per rolling calendar year?
This section of the consolidated statement is used to track things like farm rent and sales of artwork
What is the 1099-Misc?