Publication 575

Publication 575

A form published by the IRS explaining how the tax exempt portion of an annuity payment is calculated under the Simplified Rule, which is one of the two methods for making such calculations.
References in periodicals archive ?
The IRS recently released Publication 575 Pension and Annuity Income.
To determine full eligibility and make sure other requirements are met, see IRS Publication 575.
In IRS Publication 575 (which provides information to taxpayers for preparation of their 2004 federal income tax returns), the IRS states (on page 19) that a taxpayer can claim a loss on the federal income tax return upon receipt of a lump-sum distribution that is less than the contract owner's cost basis in the contract.
If the distribution consists solely of employer securities (plus cash of $200 or less in lieu of fractional shares), no withholding is required; see IRS Publication 575.
If an individual can satisfy the qualified employer plan test, then he or she should turn attention to the IRS's Publication 575.