March 20, 1989
TO: PENSION MEMBERS NO. 18-89
RE: 1989 IRS FORM W-2P
__________________________________________________________
Attached is a copy of the 1989 IRS Form W-2P, Statement for
Recipients of Annuities, Pensions, Retired Pay, or IRA Payments.
The major change to the form appears in revisions to the
explanations of codes "8" and "P" and the addition of a new code
"D," relating to excess deferrals and excess contributions. The
applicability of these codes with respect to corrective
distributions is described in detail in Notice 89-32. (See
Institute Memorandum to Pension Members No. 15-89, dated March
14, 1989.)
The 1989 form retains the payor's ability to make no entry
in Box 10, "Taxable amount," if the payor does not have all the
facts needed for determining the taxable amount.
We will keep you informed of further developments.
Kathy D. Ireland
Assistant General Counsel
Attachment