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Answered in 8 minutes by:
2/13/2021
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 29,081
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
VerifiedHi. My name's Lane. Welcome to JUSTANSWER.COM … Thanks for using us!
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- I hold a Law Degree, a BBA, an MBA (Finance Specialization), and CFP & CRPS designations as well,
- I've been providing tax, corporate law & accounting, financial, and Social Security advice to clients on three continents since 1986.
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IRS has a process for this. Your FIRST step should be to ask fr a corrected 1099-R, and document that request. Sending something Certified Mail is an excellent way to do this.
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But if the issuer refuses, you then use form 4582 to report the transaction as it should be reported, and at the same time, state to IRS that (1) you requested a corrected 1099-R (corrected box checked, this is very common) and (2) Why you are reporting the way you are ( with a zero 1099-R. )
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See this:
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Topic No. 154 Form W-2 and Form 1099-R (What to Do if Incorrect or Not Received)
Let me know if you still have questions.
Enjoy your evening.
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Lane
Lane, JD, CFP, MBA, CRPS
Category: Tax
Satisfied Customers: 29,081
Experience: Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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