Instructions For Forms 1099-R And 5498 - 2015
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232015
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
Specific Instructions for Form 1099-R
Section references are to the Internal Revenue Code
unless otherwise noted.
File Form 1099-R, Distributions From Pensions, Annuities,
Future Developments
Retirement or Profit-Sharing Plans, IRAs, Insurance
Contracts, etc., for each person to whom you have made
For the latest information about developments related to
a designated distribution or are treated as having made a
Forms 1099-R and 5498 and their instructions, such as
distribution of $10 or more from profit-sharing or
legislation enacted after they were published, go to
retirement plans, any individual retirement arrangements
,gov/form1099r
or .gov/form5498.
(IRAs), annuities, pensions, insurance contracts, survivor
What's New
income benefit plans, permanent and total disability
payments under life insurance contracts, charitable gift
FATCA filing requirements of certain foreign finan-
annuities, etc.
cial institutions (FFIs). Beginning in 2014, an FFI with
Also, report on Form 1099-R death benefit payments
a chapter 4 requirement to report a cash value insurance
contract or annuity contract that is a U.S. account held by
made by employers that are not made as part of a
pension, profit-sharing, or retirement plan. See Box 1,
a specified U.S. person with the FFI may satisfy this
requirement by electing to report the account in a manner
later.
similar to that required under section 6047(d). Form
Reportable disability payments made from a retirement
1099-R is to be used for such reporting. See Regulations
plan must be reported on Form 1099-R.
section 1.1471-4(d)(5)(i)(B) for this election. Also see
Regulations section 1.1471-4(d)(2)(iii)(A) for how a U.S.
Generally, do not report payments subject to
payor may satisfy its chapter 4 reporting requirements by
withholding of social security and Medicare taxes on this
reporting on Form(s) 1099.
form. Report such payments on Form W-2, Wage and Tax
Statement.
Guide to Distribution Codes
Generally, do not report amounts totally exempt from
Distribution code K. The subheadings for distribution
tax, such as workers' compensation and Department of
code K reported on Form 1099-R have been rewritten to
Veterans Affairs (VA) payments. However, if part of the
match the types of investments reported on Form 5498 in
distribution is taxable and part is nontaxable, report the
box 15b.
entire distribution in box 1 and the taxable part in box 2a
Reminder
when known.
In addition, see the 2015 General Instructions for Certain
There is no special reporting for qualified health
Information Returns for information on the following
savings account (HSA) funding distributions
TIP
topics.
described in section 408(d)(9) or for the payment
Who must file (nominee/middleman; certain FFIs and
of qualified health insurance premiums (including
U.S. payors that report on Form(s) 1099 to satisfy their
long-term care insurance premiums) for retired public
chapter 4 reporting requirements).
safety officers described in section 402(l).
When and where to file.
Military retirement annuities. Report payments to
Electronic reporting requirements.
military retirees or payments of survivor benefit annuities
Corrected and void returns.
on Form 1099-R. Report military retirement pay awarded
Statements to recipients.
as a property settlement to a former spouse under the
Taxpayer identification numbers.
name and taxpayer identification number (TIN) of the
Backup withholding.
recipient, not that of the military retiree.
Penalties.
The definitions of terms applicable for chapter 4
Use Code 7 in box 7 for reporting military
purposes that are referenced in these instructions.
pensions or survivor benefit annuities. Use Code
!
Other general topics.
4 for reporting death benefits paid to a survivor
CAUTION
beneficiary on a separate Form 1099-R. Do not combine
You can get the general instructions at
.gov/
with any other codes.
form1099r
or
.gov/form5498
or call
1-800-TAX-FORM (1-800-829-3676).
Governmental section 457(b) plans. Report on Form
1099-R, not Form W-2, income tax withholding and
distributions from a governmental section 457(b) plan
Dec 31, 2014
Cat. No. 27987M
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