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Arkansas Free Printable 2019_AR1000TD_BC.pdf for 2020 Arkansas Lump Sum Distribution Averaging

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Lump Sum Distribution Averaging
2019_AR1000TD_BC.pdf

AR1000TD CLEAR FORM PRINT FORM 2019 ITTD191 ARKANSAS INDIVIDUAL INCOME TAX LUMP-SUM DISTRIBUTION AVERAGING Attach to AR1000F/AR1000NR Taxpayer name See instructions on reverse side Taxpayer social security number PART I - Complete this part to see if you qualify to use the AR1000TD  :DVWKLVDGLVWULEXWLRQRIDSODQSDUWLFLSDQW¶VHQWLUHEDODQFHIURPDOORIDQHPSOR\HU¶VTXDOL¿HGSODQVRIRQHNLQG SHQVLRQSURÀWVKDULQJRUVWRFNERQXV ? If “No”, do not use this form ............................................................1 2. Did you roll over any part of the distribution? If “Yes”, do not use this form...........................................................2 3. Was this distribution paid to you as a EHQHÀFLDU\ of a plan participant who was born before January 2, 1936?...........3 4. Were you (a) a plan participant who received this distribution (b) born before January 2, 1936, and (c) a participant in the plan for at least 5 years before the year of the distribution? ..........................................................4 If you answered “No” to both questions 3 and 4, do not use this form. 5a. Did you use Form AR1000TD for a previous distribution from your own plan? If “Yes”, do not use this form .......5A  E ,I\RXDUHUHFHLYLQJWKLVGLVWULEXWLRQDVDEHQH¿FLDU\RIDSODQSDUWLFLSDQWZKRGLHGZDVWKH$57'XVHGIRUD previous distribution received for that plan participant? If “Yes”, do not use this form ....................................................5B PART II - 10 YEAR AVERAGING Complete Part I above to see if you qualify for 10 year averaging before completing Part II 1. Income from Form 1099-R, Box 2a: (Enter on this line instead of on AR1000F/AR1000NR) .......................................... 1 2. Current actuarial value of annuity from Form 1099-R, Box 8: (If none, enter -0-) ............................................................ 2 3. Total taxable amount: (Add lines 1 and 2. If total is $70,000 or more, skip lines 4 through 7 and enter amount on line 8) ... 3 4. Multiply line 3 by 50% (.50); but do not enter more than $10,000: .............................................4   6XEWUDFWIURPOLQHDQGHQWHUWKHGLႇHUHQFH If result is zero or less, enter -0-: ..................................................... 5 6. Multiply line 5 by 20% (.20): .......................................................................................................6 7. Minimum distribution allowance: (Subtract line 6 from line 4) ........................................................................................ 7 8. Subtract line 7 from line 3: ................................................................................................................................................. 8 9. Multiply line 8 by 10% (.10): ............................................................................................................................................... 9 10. Tax on the amount on line 9: (Use tax rate schedule on reverse side) ..........................................................................10 11. Multiply line 10 by ten (10). If line 2 is zero, skip lines 12 through 17, and enter on line 18: ............................................. 11 12. Divide line 2 by line 3: (Carry to four places to the right of the decimal) .....................................................................12 13. Multiply line 7 by line 12:.....................................................................................................................................................13 14. Subtract line 13 from line 2: ................................................................................................................................................14 15. Multiply line 14 by 10% (.10): .............................................................................................................................................15 16. Tax on amount on line 15: (Use tax rate schedule on reverse side) ..............................................................................16 17. Multiply line 16 by ten (10): ................................................................................................................................................17 18. Subtract line 17 from line 11: (Enter this amount on line 31 of Form AR1000F/AR1000NR) ........................................18 AR1000TD (R 6/21/2019) YES NO INSTR ,QVWUXFWLRQVIRU$57' 7RGHWHUPLQHLI\RXUGLVWULEXWLRQTXDOLÀHVIRUWKH WHQ\HDUDYHUDJLQJPHWKRGFRPSOHWH3DUWO After you have completed Part l of this form and determined that you qualify, complete Part II to determine the amount of tax to include on Line 31 of Form AR1000F/AR1000NR. With this method, the lump-sum is taxed as if you were to receive it in equal amounts over the next ten years. <RXVKRXOG QRW XVH $57' LI WKH GLVWULEXWLRQ ZDV SDVVHG WKURXJK DQHVWDWH If you do not use the ten year averaging method, report the lump-sum on Line 16 of Form AR1000F/AR1000NR. 7KH)RUP5SURYLGHGWR\RXE\WKHSD\HUUHSRUWVWKHGLႇHUHQWSDUWV of your distribution. The amounts to use in completing AR1000TD are the taxable annuity (Box 2a) and the current actuarial value of the annuity (Box 8), if applicable. 2WKHU,QIRUPDWLRQ ,I \RX DQG \RXU VSRXVH DUH ¿OLQJ D MRLQW UHWXUQ DQG HDFK KDV UHFHLYHG D OXPSVXP GLVWULEXWLRQ FRPSOHWH DQG ¿OH D GLႇHUHQW$57' IRU HDFK spouse’s election. Combine the tax on Line 31 of Form AR1000F/AR1000NR. 'LVWULEXWLRQVWKDWGRQRWTXDOLI\ 1) 2)   4) If you make an election this year, you cannot make an election another year with respect to another lump-sum distribution. 7RXVHWKHWHQ  \HDUDYHUDJLQJPHWKRG¿OH)RUP$57'ZLWK\RXU original or amended return. You have three (3) years from the due date of \RXUWD[UHWXUQRUWKHGDWH\RX¿OHG\RXUUHWXUQWRXVHWKLVPHWKRG   6) 7) If you received another lump-sum distribution or an annuity contract distribution for any year after 1982 and before 1989 and used Form AR1000TD IRUWKDW\HDUDGGWKRVHGLVWULEXWLRQVWR\RXUGLVWULEXWLRQDQG¿JXUH\RXU tax on AR1000TD for the combined distributions. Subtract the tax you paid on the lump-sum distributions for the previous years from the amount of tax on Line 18 of Part ll.   ,I\RXVKDUHGDOXPSVXPGLVWULEXWLRQIURPDTXDOL¿HGUHWLUHPHQWSODQZKHQ QRWDOOUHFLSLHQWVZHUHWUXVWV¿JXUH\RXUWD[RQ$57'DVIROORZV 1. Multiply your percentage of the total distribution by the total amount of distribution shown in Boxes 1, 2a, 3, and 8 of the Form 1099-R. 2. Enter that amount on Line 1 of AR1000TD, in Part ll. 3. Complete as instructed on the form. 10) ,I\RXUHFHLYHGPRUHWKDQRQHGLVWULEXWLRQDGGWRJHWKHUDQG¿JXUHWKHWD[ on the total amount. 9) 11)   13)   A distribution of your deductible voluntary employee contributions and any net earnings on these contributions. A deductible voluntary employee FRQWULEXWLRQLVDFRQWULEXWLRQWKDW a) Was made by the employee in a tax year beginning after 1981  DQG EHIRUH  WR D TXDOL¿HG HPSOR\HU SODQ RU D JRYHUQPHQW plan that allows such contributions, b) Was not designated by the employee as nondeductible, and c) Was not mandatory. U.S. Retirement Plan Bonds distributed as a lump-sum. $Q\GLVWULEXWLRQPDGHGXULQJWKH¿UVWWD[\HDUVWKDWWKHHPSOR\HHZDVD participant in the plan, unless it was made because the employee died. The current actuarial value of an annuity contract included in a lump-sum GLVWULEXWLRQ +RZHYHUWKLVYDOXHLVXVHGWR¿JXUHWD[RQWKHRUGLQDU\ income part of the distribution under the 10-year tax option method.) $ GLVWULEXWLRQ WR D  RZQHU WKDW LV VXEMHFW WR D SHQDOW\ EHFDXVH LW H[FHHGVWKHEHQH¿WVSURYLGHGXQGHUWKHSODQIRUPXOD A distribution from an IRA. A distribution of the redemption proceeds of bonds rolled over tax free WRWKHSODQIURPDTXDOL¿HGERQGSXUFKDVHSODQ $GLVWULEXWLRQIURPDTXDOL¿HGSODQLIWKHSODQSDUWLFLSDQWRUKLVRUKHU surviving spouse previously received an eligible rollover distribution from the same plan (or another plan of the employer required to be combined with that plan for the lump-sum distribution rules) and the previous GLVWULEXWLRQZDVUROOHGRYHUWD[IUHHWRDQRWKHUTXDOL¿HGSODQRUWRDQ,5$ A corrective distribution of excess deferrals, excess contributions, excess aggregate contributions, or excess annual additions. A lump-sum credit or payment from the Federal Civil Service Retirement System (or the Federal Employees Retirement System). A distribution from a tax-sheltered annuity. $GLVWULEXWLRQIURPDTXDOL¿HGSODQLIDQ\SDUWRIWKHGLVWULEXWLRQLVUROOHG RYHUWD[IUHHWRDQRWKHUTXDOL¿HGSODQRU,5$ A distribution from a privately purchased commercial annuity. $GLVWULEXWLRQIURPD6HFWLRQGHIHUUHGFRPSHQVDWLRQSODQRIDVWDWH or local government or a tax exempt organization. ,I\RXKDYHTXHVWLRQV\RXPD\FRQWDFWWKH,QGLYLGXDO,QFRPH7D[2ႈFHDW   TAX RATE SCHEDULE If your NET TAXABLE INCOME is less than $4,600, your tax is zero percent (0%) of your net taxable income. [Example: ,I\RXUQHWWD[DEOHLQFRPH LV\RXUWD[LV]HURSHUFHQW  RIWKDWDPRXQW  @ IF YOUR NET TAXABLE ,1&20(,6 BUT NOT 025(7+$1 $ $ 4,600.00 9,100.00 13,700.00 22,600.00 30,000.00 37,900.00  9,099.99 13,699.99  29,999.99 37,899.99 49,999.99  AR1000TD Inst. (R 10/23/2019) YOUR 7$;,6 $ 0.00 89.00 227.00 706.00 1,076.00 1,471.00  PLUS  OF THE (;&(6629(5 IF YOUR NET TAXABLE ,1&20(,6 BUT NOT 025(7+$1 2.0 3.0 3.4      9,099.99 13,699.99  29,999.99 37,899.99 49,999.99 $ 60,000.00 70,000.00 80,801.00 81,801.00 82,801.00 84,101.00  86,201.00 $ 69,999.99 80,800.99 81,800.99 82,800.99 84,100.99  86,200.99 and over YOUR 7$;,6 PLUS    4,086.00  4,418.00 4,604.00 4,776.00 4,882.00   6.6 6.6 6.6 6.6 6.6 6.6 OF THE (;&(6629(5  69,999.99 80,800.99 81,800.99 82,800.99 84,100.99  86,200.99
Extracted from PDF file 2019-arkansas-form-ar1000td.pdf, last modified July 2019

More about the Arkansas Form AR1000TD Individual Income Tax TY 2019

We last updated the Lump Sum Distribution Averaging in February 2020, so this is the latest version of Form AR1000TD, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form AR1000TD directly from TaxFormFinder. You can print other Arkansas tax forms here.

Other Arkansas Individual Income Tax Forms:

TaxFormFinder has an additional 39 Arkansas income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form AR1000F Full Year Resident Individual Income Tax Return
Tax Instruction Booklet Arkansas Income Tax Instruction Booklet
Form AR1000ES Individual Estimated Tax Declaration Vouchers
Form AR1000NR Part Year or Non-Resident Individual Income Tax Return
Form AR1000V Individual Income Tax Payment Voucher

Download all AR tax forms View all 40 Arkansas Income Tax Forms


Form Sources:

Arkansas usually releases forms for the current tax year between January and April. We last updated Arkansas Form AR1000TD from the Department of Revenue in February 2020.

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About the Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Arkansas Form AR1000TD

We have a total of nine past-year versions of Form AR1000TD in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form AR1000TD

2019_AR1000TD_BC.pdf

2018 Form AR1000TD

2018_AR1000TD_BC.pdf


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