[17835]
July 29, 2004
TO: PENSION COMMITTEE No. 35-04
PENSION OPERATIONS ADVISORY COMMITTEE No. 54-04
TAX COMMITTEE No. 24-04
RE: CONFERENCE CALL TO DISCUSS REVISED INSTRUCTIONS TO FORM 1099-R
The Internal Revenue Service has released revised explanations for Codes 1 and 2 of
Form 1099-R.1 These changes are intended to address the concerns of the industry, including
the Institute and its members, regarding changes to these explanations issued earlier this year.2
These most recent revised explanations now permit the use of distribution code 2 for two
additional types of distributions:
• A distribution that is a part of a series of substantially equal periodic payments as
described in section 72(q), (t), and (v).
• Any other distribution subject to an exception under section 72(q), (t), and (v) that is not
required to be reported using Code 1, 3, or 4.
A conference call has been scheduled for Thursday, August 5, 2004 at 2:00 pm EDT to
discuss these changes. If you would like to participate in the call, please complete the attached
response form and fax it to Brenda Turner at 202-326-5841 or e-mail bturner@ici.org by
Wednesday, August 4, 2004 at 5:00 p.m. To participate in the call, please dial 888-790-1712 and
enter passcode number 11652.
Lisa Robinson
Assistant Counsel
Attachment (in .pdf format)
1 Go to http://www.irs.gov/formspubs/article/0,,id=109875,00.html to see the revised Form 1099-R instructions. See
Institute Memorandum No. 17741 to Pension Committee No. 31-04 and Pension Operations Advisory Committee No.
49-04, dated July 2, 2004 for the 2003 Form 1099-R instructions and the previously revised 2004 Form 1099-R
instructions.
2 See Institute Memorandum No. 17741 to Pension Committee No. 31-04 and Pension Operations Advisory
Committee No. 49-04, dated July 2, 2004 (previous revised Form 1099-R instructions) and Institute Memorandum No.
17770 to Pension Committee No. 32-04 and Pension Operations Advisory Committee No. 50-04, dated July 14, 2004
(draft Institute comment letter).