IRA

💡 Understanding Code G on Form 1099-R — What It Really Means As a tax preparer, I often notice clients getting confused about Code G on their Form 1099-R.Many assume that if a dollar amount appears on the form, it automatically means tax is due. “This is income — so I’ll have to pay tax…

💰 Understanding IRAs — Your Retirement Money’s Best Friend A lot of people hear the term “IRA” and immediately think “some complicated tax thing my accountant handles.”But really, it’s just a special account designed to help you save for retirement — with tax benefits. Let’s break it down simply 👇 🔹 What Is an IRA?…