Distributions
1099-R
People
Reminders
Miscellaneous
100
The Distribution Code for a Normal Distribution.
What is 7.
100
The date that 1099R's have to be sent out by.
What is January 31st.
100
Who receives an RMD Letter?
What is clients that are 70 1/2 with Qualified policies.
100
When is a 1099-R created for a TSA Loan?
What is when the loan is in default.
100
The CAPSIL screen relates to a 1099R
What is TAXR.
200
The Distribution Code for an Early Withdrawal.
What is 1
200
John has a Qualified SPIA, his payment date is the 3rd of every month. He gets $200/monthly. His 1099-R he received stated that his gross distribution was for $2,200 for the year. How could this be?
The January check cut in December of the previous year.
200
Who can you send a 1099-R to over the phone without the client?
What is Agent of Record.
200
If the client takes their 2016 RMD in 2017. This will appear on a corrected 2016 1099R. True or False?
What is false.
200
What can you use to look up a 1099R in Content Navigator?
What is Social Security Number/TIN
300
The Distribution Code for Excess Contributions.
What is 8
300
Why might the client get two 1099-R's?
The client could've changed their address to a different state during the year.
300
Who can request for the 1099-R to be sent to an alternate address?
What is the client.
300
When do SYSW payments process?
What is on the due date, overnight.
300
It is ok to put in chat "I don't know why this 1099R is incorrect, can someone tell me why?" True or False?
What is false. If it is not clear what is incorrect, time should be set up with a consultant for review.
400
What is the Distribution Code for a defaulted loan.
What is L
400
When is it ok to Delete a 1099-R?
What is Partial Transfers or if the client should not have received them.
400
A tax advisor calls in without the client and requests a copy of the client's 1099R, we can fax him a copy. True or False?
What is False
400
The 2017 Tax Year Deadline is...?
What is April 17th.
400
Client's can only request 1099R's up to the Tax Deadline of April 15th. True or False?
What is False.
500
The Distribution Code for Death.
What is 4
500
When would a client in Puerto Rico receive a 1099-R?
What is when the client has a Non-Qualified Account, a valid SSN and take a distribution.
500
The POA calls in and requests for us to send the client's 1099R to an alternate address. We can take this request over the phone, True or False?
What is True. The POA can request the 1099-R to be sent to the address on file.
500
A client from Puerto Rico with a Qualified policy takes a withdrawal. They will get a 1099R. True or False.
What is false. They will receive a 480.7.
500
What is United of Omaha's Payer Number?
What is 47-0322111.
M
e
n
u