"I am wondering if any of you have some insight on reporting after-tax (non-Roth) distributions vs. Roth distributions. We have an individual taking a distribution of his after-tax (non-Roth) money. There are questions as to how reporting this transaction is different than reporting a Roth distribution. The main question comes down to which distribution code(s) the payer is to use in box 7. For a [qualified] Roth distribution, the payer indicates:

• the full distribution amount in box 1;
• $0.00 in box 2a;
• the Roth contribution (basis) amount in box 5, and
• code "7B" for box 7
• year of first Roth contribution in box 11

This is what has been proposed for the After-tax (non-Roth) 1099-R:

• the full distribution amount in box 1;
• taxable earnings portion in box 2a;
• the after-tax (non-Roth) contribution (basis) amount in box 5, and
• code "7" in box 7

Anyone know if this is correct?"

"Small Investment Company (2 owners) owns a store in one state, but no other business in that state, nor any other location of the store or a similar type of business. They do however have unrelated holdings in other states. Is this an attorney question?"

"Is there any guideline that we will need to use up the qualified replacement plan balance before an employer can make a deductible profit sharing contribution? (i.e. if we have $150,000 under the QRP and the PS allocation is $100,000 for the plan year, can we use $50k from QRP in year 1 which satisfy the 1/7 rule and make $50k deposit for tax deduction?"

"Here's a hyperlink to the IRS's FY2025 Lapsed Appropriations Contingency Plan. BenefitsLink neighbors, what do you think: Would stopping IRS examinations be welcome or unwelcome? Would stopping rulemaking and other interpretive guidance be welcome or unwelcome?"