Understanding the purpose of a tax form or schedule is never a pleasant experience. That's why we created a comprehensive tax form library, showcasing the most frequently used tax forms and schedules you may encounter. We believe the process of staying compliant with your taxes should be as effortless as possible.
General Information
- What is the form number? Form 1099-SA
- What government agency is it filed with? The Internal Revenue Service (IRS)
- What is the form name? Distributions From an HSA, Archer MSA, or Medicare Advantage MSA
- What is this form about? Form 1099-SA is a tax-related document that reports distributions from certain types of savings accounts or medical savings accounts. It is typically provided by financial institutions and is used to inform individuals about the withdrawals they have made from these accounts during the tax year. These accounts may include Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), or Coverdell Education Savings Accounts (ESAs). The form discloses the total distribution amount, which may have implications for tax reporting and potential penalties depending on the purpose of the distribution.
What does it look like?
Resources
Looking for more information about this form? Here are some helpful resources:
- About the form - https://www.irs.gov/forms-pubs/about-form-1099-sa
- Example copy of the form - https://www.irs.gov/pub/irs-pdf/f1099sa.pdf
- Form instructions - https://www.irs.gov/pub/irs-pdf/i1099sa.pdf
How can we help you today?
Looking for more information about this or other tax forms? The tax team at DiMercurio Advisors are tax compliance experts. We are passionate about ensuring you are well-informed and in control of your tax situation.
