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sapling.com
What Happens if You Don't Report a 1099-R? | Sapling
A 1099-R is issued when money is withdrawn from a retirement plan. These funds are considered taxable income. If the money is not reported on an income tax return, the IRS will remind the taxpayer to report the income. If there is no response, an audit, penalties, or criminal charges may follow.
Sep 9, 2011
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