Federal Qualifying Longevity Annuity Contract Information
Extracted from PDF file 2018-federal-form-1098-q.pdf, last modified November 2018
Qualifying Longevity Annuity Contract InformationAttention: Copy A of this form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. The official printed version of Copy A of this IRS form is scannable, but the online version of it, printed from this website, is not. Do not print and file copy A downloaded from this website; a penalty may be imposed for filing with the IRS information return forms that can’t be scanned. See part O in the current General Instructions for Certain Information Returns, available at www.irs.gov/form1099, for more information about penalties. Please note that Copy B and other copies of this form, which appear in black, may be downloaded and printed and used to satisfy the requirement to provide the information to the recipient. To order official IRS information returns, which include a scannable Copy A for filing with the IRS and all other applicable copies of the form, visit www.IRS.gov/orderforms. Click on Employer and Information Returns, and we’ll mail you the forms you request and their instructions, as well as any publications you may order. Information returns may also be filed electronically using the IRS Filing Information Returns Electronically (FIRE) system (visit www.IRS.gov/FIRE) or the IRS Affordable Care Act Information Returns (AIR) program (visit www.IRS.gov/AIR). See IRS Publications 1141, 1167, and 1179 for more information about printing these tax forms. 7474 VOID CORRECTED ISSUER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. OMB No. 1545-2234 ISSUER’S TIN PARTICIPANT’S TIN 2019 1a Annuity amount on start date $ Form 1b Annuity start date 3 Total premiums 4 FMV of QLAC $ $ dd 5b February dd 5d April dd 5f June dd 5h August dd 5j October dd 5l December $ $ $ $ $ $ Form 1098-Q Copy A For Internal Revenue Service Center File with Form 1096. For Privacy Act and Paperwork Reduction Act Notice, see the 2019 General Instructions for Certain Information Returns. dd $ 5k November Name of plan dd $ 5i September Plan no. dd $ 5g July Account number (see instructions) dd $ 5e May City or town, state or province, country, and ZIP or foreign postal code dd $ 5c March Street address (including apt. no.) 1098-Q 2 Check if start date may be accelerated 5a January PARTICIPANT’S name Qualifying Longevity Annuity Contract Information dd $ Plan sponsor's EIN Cat. No. 67073Z Do Not Cut or Separate Forms on This Page — www.irs.gov/Form1098Q Department of the Treasury - Internal Revenue Service Do Not Cut or Separate Forms on This Page CORRECTED (if checked) ISSUER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. OMB No. 1545-2234 ISSUER’S TIN PARTICIPANT’S TIN 2019 1a Annuity amount on start date $ Form 3 Total premiums $ dd $ dd 5d April dd 5f June dd 5h August dd 5j October dd 5l December $ $ $ $ Form 1098-Q dd dd $ 5k November $ dd $ 5i September Name of plan dd This information is being furnished to the IRS. $ 5g July Plan no. dd $ 5e May Account number (see instructions) 5b February $ 5c March City or town, state or province, country, and ZIP or foreign postal code Copy B For Participant 4 FMV of QLAC $ 5a January Street address (including apt. no.) 1098-Q 2 If checked, start date may be accelerated 1b Annuity start date PARTICIPANT’S name Qualifying Longevity Annuity Contract Information dd $ Plan sponsor's EIN (Keep for your records) www.irs.gov/Form1098Q Department of the Treasury - Internal Revenue Service Instructions for Participant The information on this Form 1098-Q is submitted to the IRS by the issuer of your qualifying longevity annuity contract (QLAC) to report the status of the contract. Prior to annuitization, the value of any QLAC held by your plan or IRA (section 401(a), 403(a), 403(b), 408 (other than a Roth IRA) or eligible governmental plan under section 457(b)), is not included when calculating the required minimum distribution (RMD) from your plan or IRA. You will receive this statement annually beginning with the first year in which premiums are paid and ending with the earlier of the year in which you attain age 85 or die. In the event of your death, if the sole beneficiary under the contract is your surviving spouse, this annual statement will be furnished to your surviving spouse until distributions commence, or if earlier, the year in which your surviving spouse dies. If you have questions about your QLAC, contact the issuer at the address and phone number shown on the front of the form. Account number. May show an account or other unique number the issuer assigned to distinguish your account. Participant's taxpayer identification number (TIN). For your protection, this form may show only the last four digits of your TIN (social security number (SSN), individual taxpayer identification number (ITIN), adoption taxpayer identification number (ATIN), or employer identification number (EIN)). However, the issuer has reported your complete TIN to the IRS. Plan number, name, and EIN. Shows, if the contract was purchased under a plan, the number of the plan, the name of the plan, and the EIN of the plan sponsor. Box 1a. Annuity amount on start date. If the payments have not started, shows the annuity amount payable on start date. Box 1b. Annuity start date. If the payments have not started, shows the date on which the annuity is scheduled to start. The date reported is shown in the format month, day, and year (mmddyyyy). Box 2. If checked, shows that the start date may be accelerated. Box 3. Shows the cumulative total amount of premiums paid for the contract. Your cumulative total premiums paid for all QLACs cannot exceed $130,000. Also, QLACs purchased under an IRA cannot exceed 25% of your total IRA account balances and QLACs purchased under an employer's plan cannot exceed 25% of your account balance in the plan. If you have paid more than that, contact your contract issuer. Box 4. Shows the fair market value (FMV) of your QLAC as of December 31, 2019. Boxes 5a–5l. Shows the amount of each premium paid for the contract and the date each premium payment was made in 2019. If there is more than one payment per month, the box for that month will include the total payments for the month and the date of the last payment in the month. Future developments. For the latest information about developments related to Form 1098-Q and its instructions, such as legislation enacted after they were published, go to www.irs.gov/Form1098Q. VOID CORRECTED ISSUER'S name, street address, city or town, state or province, country, ZIP or foreign postal code, and telephone no. OMB No. 1545-2234 ISSUER’S TIN PARTICIPANT’S TIN 2019 1a Annuity amount on start date $ Form 3 Total premiums $ dd 5c March dd 5d April dd 5f June dd 5h August dd 5j October dd 5l December $ 5g July City or town, state or province, country, and ZIP or foreign postal code Account number (see instructions) Plan no. $ Name of plan Form 1098-Q dd dd For Privacy Act and Paperwork Reduction Act Notice, see the 2019 General Instructions for Certain Information Returns. $ $ 5k November dd $ $ 5i September dd $ $ 5e May 5b February $ $ Street address (including apt. no.) Copy C For Issuer 4 FMV of QLAC $ 5a January 1098-Q 2 Check if start date may be accelerated 1b Annuity start date PARTICIPANT’S name Qualifying Longevity Annuity Contract Information dd $ dd $ Plan sponsor's EIN www.irs.gov/Form1098Q Department of the Treasury - Internal Revenue Service Instructions for Issuer To complete Form 1098-Q, use: • The 2019 General Instructions for Certain Information Returns, and • The 2019 Instructions for Form 1098-Q. To order these instructions and additional forms, go to www.irs.gov/Form1098Q. Caution: Because paper forms are scanned during processing, you cannot file Forms 1096, 1097, 1098, 1099, 3921, or 5498 that you print from the IRS website. Due dates. Furnish Copy B of this form to the participant by January 31, 2020. File Copy A of this form with the IRS by February 28, 2020. If you file electronically, the due date is March 31, 2020. To file electronically, you must have software that generates a file according to the specifications in Pub. 1220. The IRS does not provide a fill-in form option for Copy A. Need help? If you have questions about reporting on Form 1098-Q, call the information reporting customer service site toll free at 866-455-7438 or 304-263-8700 (not toll free). Persons with a hearing or speech disability with access to TTY/TDD equipment can call 304-579-4827 (not toll free).
2019 Form 1098-Q
More about the Federal Form 1098-Q Corporate Income Tax TY 2018
We last updated the Qualifying Longevity Annuity Contract Information in February 2019, so this is the latest version of Form 1098-Q, fully updated for tax year 2018. You can download or print current or past-year PDFs of Form 1098-Q directly from TaxFormFinder. You can print other Federal tax forms here.
Other Federal Corporate Income Tax Forms:
|Form Code||Form Name|
|Form 941||Employer's Quarterly Federal Tax Return|
|Form 9465||Installment Agreement Request|
|990 (Schedule O)||Supplemental Information to Form 990 or 990-EZ|
|Form 1120-H||U.S. Income Tax Return for Homeowners Associations|
|Form 4562||Depreciation and Amortization (Including Information on Listed Property)|
The Internal Revenue Service usually releases income tax forms for the current tax year between October and January, although changes to some forms can come even later. We last updated Federal Form 1098-Q from the Internal Revenue Service in February 2019.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Federal Form 1098-Q
We have a total of five past-year versions of Form 1098-Q in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2019 Form 1098-Q
2018 Form 1098-Q
2017 Form 1098-Q
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