1099R and Withholding on Small Termination Distributions

[CharlesLeggette]

I have a terminating PS Plan with a distribution of $200 and a few others a bit smaller. These participants never returned their paperwork but I know their addresses, emails,etc. On these small amounts must we produce a 1099r and should we withhold, and if so how much, 10 or 20%. I ask this question as the CPA said retirement plan distrbutions under $600 didn't need either. Thanks in advance.

[Appleby]

I have a terminating PS Plan with a distribution of $200 and a few others a bit smaller. These participants never returned their paperwork but I know their addresses, emails,etc. On these small amounts must we produce a 1099r and should we withhold, and if so how much, 10 or 20%. I ask this question as the CPA said retirement plan distrbutions under $600 didn't need either. Thanks in advance.

Withholding is not required for distributions of less than $200

1099-Rs must be issued for distributions of $10 or more

[masteff]

the CPA said retirement plan distrbutions under $600 didn't need either

The CPA is probably confusing the rules for 1099-MISC.