Featured Jobs
|
Retirement Plan Onboarding Specialist Compass
|
|
MAP Retirement
|
|
DWC - The 401(k) Experts
|
|
PPS Pension Services
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
Relationship Manager - Defined Contributions Daybright Financial
|
|
Frank Pension Consultants, Ltd.
|
|
DWC - The 401(k) Experts
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Technical Tip: IRS 1099-R Codes Changed for the 2004 Form
FIS Relius 
Dec. 3, 2004 Excerpt: The IRS has announced a change to the instructions for the 2004 Form 1099-R. Retirement plans file this form to report distributions. The revisions affect distribution codes 1 and 2 for Box 7 of the form. A plan uses these codes to report distributions to participants under age 59-1/2. In general, code 1 indicates that the distribution could be subject to a 10% early distribution penalty under Code 72(t), while code 2 indicates the distribution is exempt from the penalty. MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |