2020 Tax Forms Are in the Mail

February 2, 2021
2020 Tax Forms Are in the Mail

The IRS requires The Standard to file Form 1099-R by Jan. 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 2020

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 or Need an RMD Quote?

Contact our service specialists at 800.247.6888 or send us a message. If corrections are needed, we’ll issue a new 1099-R.


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