Everything you need to know about filing 1099s, W-2s, and other tax forms for your business
Overview
Form 1099-R is used to report distributions from pensions, annuities, retirement accounts, IRAs, and insurance contracts. If you issued taxable or tax-deferred distributions, you must file this form with the IRS and provide a copy to recipients.
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Form 1099-R reports distributions of $10 or more from retirement plans, pensions, and annuities.
You must file if you are a plan administrator, insurer, or employer who issued:
Late or inaccurate filings may result in $50–$290 penalties per form.
What is Form 1099-R used for?
To report distributions from pensions, annuities, retirement accounts, or insurance contracts.
Do all retirement withdrawals require a 1099-R?
Yes, if distributions are $10 or more.
What are distribution codes?
IRS codes that explain the type of distribution (early, normal, rollover, etc.).
Can I file multiple 1099-R forms at once?
Yes, bulk filing is supported.
What if I file late?
The IRS may apply penalties of $50–$630 per form.
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