2019 Tax Forms Are in the Mail

February 4, 2020

The IRS requires The Standard to file Form 1099-R by January 31 of the year after a taxable distribution. Your clients should receive their 1099-R forms, which report distributions from annuities, no later than the second week in February.

We will not send a 1099-R in two situations:

  • If a distribution was a non-taxable event, such as a qualified transfer between financial institutions.
  • If the client didn’t take a distribution in 2019.

While we do our best to ensure that the 1099-R is correct, your clients should review the form for accuracy. We suggest checking the gross distribution, taxable amount and IRS distribution code. The information on the back of Form 1099-R can help clients better understand each field.

Have Questions?

If you have any questions about tax forms, contact our Service Specialists at 800.247.6888 or send us a message. If corrections are needed, we will issue a new 1099-R.

 

More About Producer Advisories
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Please review this recent compliance alert: New Hampshire INS 305, Suitability of Individual Annuity Sales Recommendations.
We’re always looking to improve the customer experience. Thanks to your feedback, we’re rolling out new options for annual interest payments. See how these new features work.
We mailed IRS Form 1099-R in February to clients who took a distribution last year. You can view and download 2023 and prior year tax forms on the Annuity Portal.
Required Minimum Distribution notifications were mailed out at the end of January. Here’s the rundown on who we sent them to and what to expect.
We’re sending out IRS Form 1099-R in January. We’ll also post them on the Annuity Portal at that time. Take a second to mark your calendars and remind your clients.
Please review this recent compliance alert: Florida House Bill 1185, Suitability of Individual Annuity Sales Recommendations.