Pension Income

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  1. 401k contributions are reported on W-2 Box 12 with a Code __.
    403b contributions are reported on W-2 Box 12 with a code __.
    IRA contributions are reported on _____.
    • D
    • E
    • Form 5498
  2. If there is a distribution on a retirement account and the taxable amount can't be determined, what should you do?
    For annuities - complete Simplified Method Worksheet

    For IRAs - use Form 8606
  3. When you get a distribution from a retirement account, the plan administrator is somethings required to withhold 20% of tax from the distribution. Can you change the withholding amount?
    Yes on Form W-4P

Card Set Information

Author:
kristigire
ID:
318464
Filename:
Pension Income
Updated:
2016-04-05 15:54:37
Tags:
pension income
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Description:
Session 5: Pension Income
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