2017 Tax Forms Are in the Mail

January 30, 2018

The IRS requires that The Standard file 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 2017, 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.

If you have any questions about tax forms, please contact our Client Communication Specialists at 800.247.6888 or Send Us a Message. If corrections are needed, we will issue a new 1099R form to your client.

 

More About Producer Advisories
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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.
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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.