2016 Tax Forms Are in the Mail

January 31, 2017

The IRS requires that The Standard files Form 1099R by Jan. 31 of the year following a taxable distribution. Your clients will receive their 1099R no later than the second week in February. Please note, if a distribution was not a taxable event, such as a qualified transfer between financial institutions, or your client did not take a distribution in 2016, a 1099R will not be generated.

While we do our best to ensure that the 1099R is correct, your clients should review the information on the form for accuracy, especially the gross distribution, taxable amount, and IRS distribution code. The reverse side of form 1099R can assist a recipient in understanding each field.

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