10 Tax Forms Retirees Receive and What They Mean

Knowing what you’re getting and why is important so you can ensure that you or your tax preparer have what’s needed to file your taxes.

An older couple look over multiple forms together at their kitchen table.
(Image credit: Getty Images)

I’m an IRS enrolled agent, which sounds (sort of) cool and scary. What it actually means is that I am licensed by the IRS to prepare taxes and represent taxpayers, which is not cool or scary. The reality of the situation is that I have the same feelings of unhappiness and annoyance you do every time tax season rolls around. And here we are again …

The tax forms have started arriving, increasingly by email. Most of our clients either put everything in a folder, virtual or paper, and hand it over to an accountant or upload it to TurboTax and hope for the best. The heavy lifting and planning for retirees is the work we do before December 31. So, by the time the forms come, it’s more of an administrative task.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Evan T. Beach, CFP®, AWMA®
President, Exit 59 Advisory

After graduating from the University of Delaware and Georgetown University, I pursued a career in financial planning. At age 26, I earned my CERTIFIED FINANCIAL PLANNER™ certification.  I also hold the IRS Enrolled Agent license, which allows for a unique approach to planning that can be beneficial to retirees and those selling their businesses, who are eager to minimize lifetime taxes and maximize income.