What if I Don't Report a 1099-R? : Tax Law Questions

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A few things happen when you don't report a 1099R on your income taxes. Find out what happens if you don't report a 1099R with help from a taxpayer representative in this free video clip.

Expert: David Miles, EA
Bio: David Miles is a consultant with 20/20 Tax Resolution, Inc. Miles works nationally as a taxpayer representative focusing on state and IRS collections.
Filmmaker: Roger Whitton

Series Description: Tax law is a complicated area, so it's always important to proceed with caution and consult the help of a professional if you're feeling confused or overwhelmed. Get answers to all of your pertinent tax law questions with help from a taxpayer representative in this free video series.

[Sky]

If you miss a 1099R and even if you have the money withheld they try to get you to pay the taxes on it again! These people know better, what a sham. I should be able to log into IRS and see and download a copy of all 1099's submitted under my SSN

[victorkuznetsov]

QUESTION: I am self-employed construction contractor in Oregon and I am currently being audited for the state of Oregon on my 2019 income, one of the big issues is as the employer I did not file my labors 1099s, now their income is being put on my shoulders, also this was not intentional. Is there anything I can do now?

[marsflee]

Thank you for this video. My son (28 years old) receive the 1099-R form by mail after he filed his 2019 taxes. So it was unintentional that he did not include it on his 1040 tax return. I've heard stories about how the IRS is a heartless organization, but as I'm finding out, it's not. If a person tries to do wrong, he'll pay the price for it, but if it was accidental, it is very reasonable. :)

[dair]

Question: I made $4, 000 on 2019.. Still have to declare?
Thanks

[InstTaxSolutionsLLC]

Good advice on reporting income from a 1099-R. Each institution that issues these forms is required to submit a copy to the IRS, so they do have a copy.