2021 Tax Forms Going Out Soon

January 4, 2022

We file IRS Form 1099-R by Jan. 31 of the year following a taxable distribution.

Clients who took a distribution in 2021 will receive their IRS Form 1099-R no later than the second week in February. We won’t send a 1099-R if the distribution wasn’t taxable, such as for a qualified transfer between financial institutions. Clients who didn’t take a distribution in 2021 also will not receive a 1099-R.

We recommend clients review the form for accuracy. They should especially focus on the gross distribution, taxable amount and IRS distribution code. The back of the form provides information about each field.

Have Questions?

If you have any questions, please contact our service specialists at 800.247.6888 or send us a message. If corrections are needed, we’ll issue a new 10990-R.

 

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