After a short conversation with the Computershare people. I have found out that the 1099-B that was sent in the mail is for the shares that were sold to cover the Taxes of the award. Due to the fact that the shares were sold, Computershare is required by law to send the 1099-B. If you have…
Tag: Tax
Get your 1099-B – Proceeds from Broker and Barter Exchange Transactions
If you are looking for your 1099-B related to your AA Common Stock sale from our TWU Equity Settlement, you will find it on Computershare. Log into your Retireeonline.com account then select AAL Common Stock -> From there, Go to you Common Stock Awards and select View Account – > Then from the Left Dark…
Equity and Taxes
Anyone that sold equity shares of stock last year will need to include the 1099B when filing their 2014 income tax. These forms do not have to be mailed out until Feb, 16. They also will be available online at your 401K web site (retireonline.com), under AAL Common stock, then Correspondence. These are produced…
Retirement: How your retirement income is taxed
By SANDRA BLOCK Kiplinger’s Personal Finance | Posted: Sunday, September 28, 2014 12:00 am One of the biggest mistakes that retirees make when calculating their living expenses is forgetting how big a bite state and federal taxes can take out of savings. Tax-deferred accounts: Prepare to feel pain. Withdrawals from traditional IRAs and your 401(k)…
Lower your taxable income by contributing your upcoming 2013 profit sharing payout to your 401(k)
As we shared in late January, thanks to your hard work throughout the past year, eligible employees of both legacy US Airways and legacy American will receive a profit sharing payout for 2013 in mid-March. Employees eligible for their legacy airlines’ payout will have the opportunity to make a special deferral election to be applied…
AA / TWU Equity
The TWU Equity Distribution Committee has completed its work of developing TWU’s plan for distribution of the equity TWU will received once American Airlines emerges from bankruptcy. After consideration of the input provided by members at the road show meetings, as well as the comments received by mail and email, the Committee re-affirmed the outline…
Letter to Bobby Gless, RE: Interest Earnings on Prefunding Contributions
RE: Taxable Earnings/Prefunding Dear Mr. Gless, The TWU International asked our accounting firm to research the method by which prefunding income was being reported by the company. TWU members were asking questions regarding this matter. Of course each member must consult his/her own tax advisor for advice. However, we can provide general information…
2011 Free Tax Preparation
Income Guidelines: $50,000 with dependents; $40,000 single Appointment line opens January 14, 2011. Call 918-382-3333. Walk-ins will also be accepted at sites, depending on site capacity. For fast, efficient filing, YOU MUST BRING: 1. Picture I.D. 2.A SOCIAL SECURITY CARD and/or ITIN for EACH FAMILY MEMBER 3.All items that apply to you or your family:…