Ask Experts Questions for FREE Help !
Ask
    mpagels's Avatar
    mpagels Posts: 1, Reputation: 1
    New Member
     
    #1

    Feb 15, 2013, 01:07 PM
    Can allstate refuse to change distribution code on 1099r
    Allstate who carries an annuity for me through Licoln Benefit Life Company is refusing to show the correct distribution code of "3-Disability" on my 1099R. I was told that the company has a corporate policy and they do not show the disability code on any of their 1099R's. I proved to them in writing and they accepted receipt of the permanent disability which refuted their reason of "no known exception" and they still refuse to issue a corrected 1099R. Is there any recourse for me at this juncture? THIS IS TAX LAW QUESTION.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
     
    #2

    Feb 15, 2013, 01:30 PM
    Not having all the details - I'm guessing this about a distribution you took from an IRA, that you are under age 59-1/2, and that Allstate is saying that they can't swear you have a permanent and total disability. But don't worry about it - you can attach form 5329 to your tax return to show that the distribution is not subject to early withdrawal penalty even though the 1099R states "no known exception." When you file Form 5329 indicate reason code 03 on line 2, "distributions due to total and permanent disability." I also suggest you attach documentation to your tax return that shows you are disabled - thisi can avoid having the IRS come after you later for it.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

how often does allstate randomly check DMVs [ 1 Answers ]

Does Allstate check DMV records at every renewal? How often do they check? If you filed a claim but were not at fault and allstate paid nothing out will they check your DMV? Will they check your DMV during that renewal period or the following?

Code 7G in IRA distribution [ 1 Answers ]

I am trying to help in her IRA distribution. She is widow , her last child is 18 in 2011. She has no other income. I asked her tax preparer to find out can she withdraw some money from IRA before 59 1/2 with the hardship of not having any income? He replied she can withdraw as long as she with...

1099-R distribution code G,gross distribution box 1 has amount,box 2a has no amount [ 2 Answers ]

A form 1099-R gross distribution box 1 has an amount and box 2a has no amount, should box 1 and 2a be the same? The distribution code is G, there are no federal nor satate taxes withheld. I need an answer,thank you

IRS Distribution Code [ 2 Answers ]

What is "IRS Distribution Code" for 401K withdrawal?


View more questions Search