What Is Form 1099-Q: Payments From Qualified Education Programs? Form 1099-Q: Payments From Qualified Education Programs is an Internal Revenue Service (IRS) tax form sent to individuals who receive distributions from a Coverdell education savings account (ESA) or a 529 plan. These distributions—including rollovers—may be taxable, and you must determine the tax liability of any
What Is Form 1310: Statement of Person Claiming Refund Due a Deceased Taxpayer? Form 1310 is a tax form that notifies the Internal Revenue Service (IRS) of the decease of a taxpayer during the tax year and claims any refund that is due to the person’s beneficiaries or estate. The form is filed as part
What Is SEC Form 13F? The Securities and Exchange Commission’s (SEC) Form 13F is a quarterly report that is required to be filed by all institutional investment managers with at least $100 million in assets under management. It discloses their equity holdings and can provide insights into what the smart money is doing in the
What Is Form 2106: Employee Business Expenses? Form 2106: Employee Business Expenses is a tax form distributed by the Internal Revenue Service (IRS) used by employees to deduct ordinary and necessary expenses related to their jobs. Ordinary expenses are generally considered common and accepted in a particular line of business, while necessary expenses are those
What Is Form 211: Application for Award for Original Information? Internal Revenue Service (IRS) Form 211 is an application that must be submitted to the IRS by a “whistleblower” who seeks to claim a reward for providing information about tax evasion to the U.S. government. If the IRS can recover funds based on a whistleblower’s
What Is Form 2439: Notice to Shareholder of Undistributed Long-Term Capital Gains? Form 2439 is an Internal Revenue Service (IRS) form that Regulated Investment Companies(RICs)–mutuals funds and exchange-traded funds–and Real Estate Investment Trusts (REITs) are required to distribute to shareholders in order to report undistributed long-term capital gains. Mutual funds are required to distribute most
What Is Form 2848: Power of Attorney and Declaration of Representative? Form 2848: Power of Attorney and Declaration of Representative is an Internal Revenue Service (IRS) document that authorizes an individual or organization to represent a taxpayer by appearing before the IRS—at an audit, for example. Federal law requires the IRS to keep confidential all
What Is SEC Form 3? SEC Form 3: Initial Statement of Beneficial Ownership of Securities is a document filed by a company insider or major shareholder with the Securities and Exchange Commission (SEC). It is an important step to help regulate insider trading, which is an individual’s buying or selling of a security based on
What Is Form 3903: Moving Expenses? Form 3903 is a tax form created by the Internal Revenue Service (IRS) for tax deductions related to moving expenses due to a new job. Since tax year 2018, you can only deduct moving expenses if you are a member of the Armed Forces on active duty and, due
What Are Foregone Earnings? Foregone earnings represent the difference between earnings actually achieved and the earnings that could have been achieved with the absence of fees, expenses, or lost time. As such, a large portion of foregone is represented by the amount that the investor spent on investment fees, which often make up a sizable percentage of
