the move should be done and documented as a trustee-to-trustee direct transfer. This will be a reportable event on your taxes, but you will not owe any taxes. With such a transfer, an account owner will receive a Form 1099-R for the SEP portion of the transfer and a Form 5498 for ...
allocated tips An amount that the IRS has determined to be taxable to the employee even though the employee never received the amount in the form of a wage. Allocated tips are calculated based upon the actual tips claimed as compared to what the IRS says should have been claimed based upo...
IndoEx is characterized as a decentralized exchange, but its functionality relies on a combination of centralized infrastructure and third-party APIs. Notably, the platform emphasizes the importance of users maintaining control over their private keys, having full authority over their funds, and utilizing...
It's not that I'm bad at math. I always received good grades in math, at least until college calculus (it was still a B, but I'm not sure I deserved even that). But when you have dozens of calculations, all dependent on one another, one little error screws up everything else. ...
allocated tips An amount that the IRS has determined to be taxable to the employee even though the employee never received the amount in the form of a wage. Allocated tips are calculated based upon the actual tips claimed as compared to what the IRS says should have been claimed based upon...