Publication 575 - Pension And Annuity Income - 2004 Page 2
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36What is covered in this publication? Publication 575
tirement System (CSRS) or the Federal Employees’ Re-
contains information that you need to understand the fol-
tirement System (FERS). It also covers benefits paid from
lowing topics.
the Thrift Savings Plan (TSP).
•
Social security and equivalent tier 1 railroad retire-
How to figure the tax-free part of periodic payments
ment benefits. For information about the tax treatment of
under a pension or annuity plan, including using a
these benefits, see Publication 915, Social Security and
simple worksheet for payments under a qualified
Equivalent Railroad Retirement Benefits. However, this
plan.
publication (575) covers the tax treatment of nonequivalent
•
How to figure the tax-free part of nonperiodic pay-
tier 1 railroad retirement benefits, tier 2 benefits, vested
ments from qualified and nonqualified plans, and
dual benefits, and supplemental annuity benefits paid by
how to use the optional methods to figure the tax on
the U.S. Railroad Retirement Board.
lump-sum distributions from pension, stock bonus,
Tax-sheltered annuity plans (403(b) plans). If you
and profit-sharing plans.
work for a public school or certain tax-exempt organiza-
•
How to roll over certain distributions from a retire-
tions, you may be eligible to participate in a 403(b) retire-
ment plan into another retirement plan or IRA.
ment plan offered by your employer. Although this
•
publication covers the treatment of benefits under 403(b)
How to report disability payments, and how benefi-
plans, it does not cover other tax provisions that apply to
ciaries and survivors of employees and retirees must
these plans. For more information on 403(b) plans, see
report benefits paid to them.
Publication 571, Tax-Sheltered Annuity Plans (403(b)
•
When additional taxes on certain distributions may
Plans).
apply (including the tax on early distributions and the
tax on excess accumulation).
Comments and suggestions. We welcome your com-
ments about this publication and your suggestions for
future editions.
For additional information on how to report pen-
You can write to us at the following address:
TIP
sion or annuity payments on your federal income
tax return, be sure to review the instructions on
Internal Revenue Service
the back of Copies B and C of the Form 1099-R that you
Individual Forms and Publications Branch
received and the instructions for Form 1040, lines 16a and
SE:W:CAR:MP:T:I
16b (Form 1040A, lines 12a and 12b).
1111 Constitution Ave. NW
Washington, DC 20224
A “corrected” Form 1099-R replaces the corre-
!
sponding original Form 1099-R. Make sure you
use the amounts shown on the corrected 1099 –R
We respond to many letters by telephone. Therefore, it
CAUTION
would be helpful if you would include your daytime phone
when reporting information on your tax return.
number, including the area code, in your correspondence.
You can email us at *taxforms@irs.gov. (The asterisk
What is not covered in this publication? The following
must be included in the address.) Please put “Publications
topics are not discussed in this publication.
Comment” on the subject line. Although we cannot re-
The General Rule. This is the method generally used to
spond individually to each email, we do appreciate your
determine the tax treatment of pension and annuity income
feedback and will consider your comments as we revise
from nonqualified plans (including commercial annuities).
our tax products.
For a qualified plan, you generally cannot use the General
Tax questions. If you have a tax question, visit
Rule unless your annuity starting date is before November
or call 1-800-829-1040. We cannot answer
19, 1996. Although this publication will help you determine
tax questions at either of the addresses listed above.
whether you can use the General Rule, it will not help you
use it to determine the tax treatment of your pension or
Ordering forms and publications. Visit /
annuity income. For more information on the General Rule,
formspubs to download forms and publications, call
see Publication 939, General Rule for Pensions and Annui-
1-800-829-3676, or write to one of the three addresses
ties.
shown under How To Get Tax Help in the back of this
publication.
Individual retirement arrangements (IRAs). Informa-
tion on the tax treatment of amounts you receive from an
Useful Items
IRA is in Publication 590, Individual Retirement Arrange-
ments (IRAs).
You may want to see:
Civil service retirement benefits. If you are retired
Publication
from the federal government (either regular or disability
retirement) or are the survivor or beneficiary of a federal
524
Credit for the Elderly or the Disabled
employee or retiree who died, get Publication 721, Tax
525
Taxable and Nontaxable Income
Guide to U.S. Civil Service Retirement Benefits. Publica-
tion 721 covers the tax treatment of federal retirement
560
Retirement Plans for Small Business (SEP,
benefits, primarily those paid under the Civil Service Re-
SIMPLE, and Qualified Plans)
Page 2
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