Millennium Trust Blog | Schwab - Millennium Trust Company
Millennium Trust Blog
Filter by category:
Currently Filtered By:   Tax

Tax Season 2023: What are Forms 1099-R and 5498?

January 10, 2023
By Millennium Trust
Share: 

Tax season 2023 is officially underway. Among the forms you are likely to receive from us are Form 1099-R and Form 5498. Learn why and what you’ll want to do with them.

New IRS Guidance for Escheatment Makes Automatic Rollover IRAs Even More Attractive

January 6, 2021
By Millennium Trust
Share: 

The IRS recently released two pieces of guidance regarding the transfer of small qualified retirement plan account balances to state unclaimed property funds.

Coronavirus Relief: CARES Act Impacts IRAs and Retirement Plans

April 7, 2020
By Millennium Trust
Share: 

In addition to higher unemployment benefits, student debt relief and tax relief, the CARES Act impacts retirement account owners.

No More Stretch? The SECURE Act Changes Rules for Inherited IRAs

March 31, 2020
By Millennium Trust
Share: 

The SECURE Act aims to increase Americans’ ability to save for retirement. With the elimination of stretch IRAs, some Americans may need to make immediate changes to their estate and legacy plans.

Please select at least 1 category *