Form 1099-R

(redirected from Form 1099R)

Form 1099-R

An IRS form reporting income from distributions from an IRA, 401(k), pension plan, profit-sharing plan, insurance plan, or another, similar instrument. The form indicates how much was withheld for taxes, if any, and the total amount of income one derived from a plan. This helps the plan holder calculate his/her tax liability from these plans.
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5) Responsible for completing State & Federal form preparation, inclusive of form 1099R in
nonqualified deferred compensation), the employer is required to withhold state taxes and the remuneration and withholding are reported on Form W-2 or Form 1099R, as appropriate.
The retirement plan has a variety of features including unlimited account transfers; automatic account rebalancing; online payroll processing; census and reports; an online administrative guide; account access through a voice-response telephone service; signature-ready IRS form 5500 EZ, and automatic issuance and filing of IRS form 1099R.