My Client Never Received a 1099 R 2018. What Should I Do?

The 1099 R 2018 is similar to the 1099 R forms distributed today. The document is given to each person to whom an organization has made a distribution of $10 or more, most often from retirement plans. Typically, these forms are distributed by banks and organizations who hold retirement funds and make disability payments. Unless you work for one of these entities, you will not have to deal with the 1099 R, much less the 1099 R 2018.

However, we know that many independent accountants, as well as accounting firms, work with the 1099 R. In most cases, this is not in any distribution capacity. Rather, these accountants perform end-of-year tax filings for independent clients. As a result, you may have a client who receives 1099 R forms each year. But what should you do if they never received this form in 2018? Even if their personal taxes were appropriately and accurately filed, you should still retain this form for financial records. Here’s how to proceed – and how an accounting system can help.


What You Should Know About the 1099 R

The 1099 R, also known as the Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. form, is common amongst retired folks. The form is provided to each person to whom an entity has distributed $10 or more from a specific account. According to the IRS, these accounts can be any of the following:


  • Individual retirement arrangements (IRAs)
  • Profit-sharing or retirement plans
  • Permanent and total disability payments under life insurance contracts
  • Annuities, pensions, insurance contracts, survivor income benefit plans
  • Charitable gift annuities, &c.


These 1099 forms are designed to report these distributions as income, which individuals must then report to the IRS. If you do personal accounting for an individual who has received funds from any of the above accounts, they’ll need to receive a 1099 R.

If your client did not receive a 1099 R 2018 from their distribution agency, get in touch with that entity as soon as possible. These businesses are required to maintain tax forms for at least three years, so they will still have a record of the form from 2018. Whether you correctly reported your client’s income, you should maintain a copy of the 1099 R for future reference and records.



Prevent a Lapsed 1099 R 2018 with AMS

Whether you’re an accounting financial broker or an independent personal accountant, you need a software that supports most 1099 and other tax forms. This is exactly what Advanced Micro Solutions can provide. Our W-2/1099 Forms Filer is a foundational platform that delivers essential data filing, maintenance, and organizational capabilities. From easy data entry to data printing and reporting, this is a great solution for all tax professionals who need to stay on top of hundreds of forms. Plus, all AMS software tools interact modularly. This means users can select individual features to build a customized accounting system. Most folks dealing with retirement plans and funds have needs beyond the 1099 R. We’re equipped to help.

Software Solutions from AMS

Our W-2 and 1099 Forms Filer is our only required platform. From there, users pick the services they need. Choose from the tools below to build out your customized accounting software.