Instructions for IRS Forms 1099-r and 5498 - Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, Iras, Insurance Contracts, Etc. and Ira Contribution Information 2017

January 1, 2017 "Instructions For Forms 1099-r And 5498 - Distributions From Pensions, Annuities, Retirement Or Profit-sharing Plans, Iras, Insurance Contracts, Etc. And Ira Contribution Information" contain the latest filing requirements for the IRS-issued Form 1099-R. Download your copy of the instructions by clicking the link below.

IRS Form 1099-R is tax form released and collected by the Internal Revenue Service of the United States.

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2017
Department of the Treasury
Internal Revenue Service
Instructions for Forms
1099-R and 5498
Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs,
Insurance Contracts, etc., and IRA Contribution Information
Section references are to the Internal Revenue Code
Reportable disability payments made from a retirement
unless otherwise noted.
plan must be reported on Form 1099-R.
Future Developments
Generally, do not report payments subject to
withholding of social security and Medicare taxes on this
For the latest information about developments related to
form. Report such payments on Form W-2, Wage and Tax
Forms 1099-R and 5498 and their instructions, such as
Statement.
legislation enacted after they were published, go to
www.irs,gov/form1099r
or www.irs.gov/form5498.
Generally, do not report amounts totally exempt from
What’s New
tax, such as workers' compensation and Department of
Veterans Affairs (VA) payments. However, if part of the
Reporting late rollover contributions to an IRA.
distribution is taxable and part is nontaxable, report the
Report late rollover contributions certified by the
entire distribution in box 1 and the taxable part in box 2a
participant in boxes 13a and 13b on Form 5498. Report
when known.
the self-certification code in box 13c.
There is no special reporting for qualified
Reminder
charitable distributions under section 408(d)(8),
TIP
qualified health savings account (HSA) funding
In addition, see the 2017 General Instructions for Certain
distributions described in section 408(d)(9), or for the
Information Returns for information on the following
payment of qualified health insurance premiums
topics.
(including long-term care insurance premiums) for retired
Who must file (nominee/middleman; certain FFIs and
public safety officers described in section 402(l).
U.S. payers that report on Form(s) 1099 to satisfy their
chapter 4 reporting requirements).
Military retirement annuities. Report payments to
When and where to file.
military retirees or payments of survivor benefit annuities
Electronic reporting requirements.
on Form 1099-R. Report military retirement pay awarded
Corrected and void returns.
as a property settlement to a former spouse under the
Statements to recipients.
name and taxpayer identification number (TIN) of the
Taxpayer identification numbers.
recipient, not that of the military retiree.
Backup withholding.
Penalties.
Use Code 7 in box 7 for reporting military pensions
The definitions of terms applicable for chapter 4
or survivor benefit annuities. Use Code 4 for
!
purposes that are referenced in these instructions.
reporting death benefits paid to a survivor
CAUTION
Other general topics.
beneficiary on a separate Form 1099-R. Do not combine
with any other codes.
You can get the general instructions at
General
Instructions for Certain Information Returns
or
Governmental section 457(b) plans. Report on Form
www.irs.gov/form1099r
or www.irs.gov/form5498.
1099-R, not Form W-2, income tax withholding and
Specific Instructions for Form 1099-R
distributions from a governmental section 457(b) plan
maintained by a state or local government employer.
File Form 1099-R, Distributions From Pensions, Annuities,
Distributions from a governmental section 457(b) plan to a
Retirement or Profit-Sharing Plans, IRAs, Insurance
participant or beneficiary include all amounts that are paid
Contracts, etc., for each person to whom you have made
from the plan. For more information, see Notice 2003-20
a designated distribution or are treated as having made a
on page 894 of Internal Revenue Bulletin 2003-19, at
distribution of $10 or more from profit-sharing or
www.irs.gov/pub/irs-irbs/irb03-19.pdf. Also see
retirement plans, any individual retirement arrangements
Governmental section 457(b) plan distributions, later, for
(IRAs), annuities, pensions, insurance contracts, survivor
information on distribution codes.
income benefit plans, permanent and total disability
Nonqualified plans. Report any reportable distributions
payments under life insurance contracts, charitable gift
from commercial annuities. Report distributions to
annuities, etc.
employee plan participants from section 409A
Also, report on Form 1099-R death benefit payments
nonqualified deferred compensation plans and eligible
made by employers that are not made as part of a
nongovernmental section 457(b) plans on Form W-2, not
pension, profit-sharing, or retirement plan. See Box 1,
on Form 1099-R; for nonemployees, these payments are
later.
reportable on Form 1099-MISC. Also, report distributions
to beneficiaries of deceased plan participants on Form
Dec 09, 2016
Cat. No. 27987M

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