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Q: How do you find out how much you have in an annuity plan from a former employer?
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How can you find out if IRS owes you a return?

i cant seem to ge a W-2 re issue from my previous employer, Is there a way I can find out how much the irs owes me back?


Are Income payments made from an annuity taxable?

If you receive retirement benefits in the form of pension or annuity payments from a qualified employer retirement plan, the amounts you receive may be fully taxable, or partially taxable. The pension or annuity payments that you receive are fully taxable if you have no cost in the contract because any of the following situations apply:You did not pay anything or are not considered to have paid anything for the pension or annuityYour employer did not withhold contributions from your salaryYou received all of your contributions (your basis) tax free in prior yearsIf you contributed after-tax dollars to your pension or annuity, your pension payments are partially taxable. You will not pay tax on the part of the payment that represents a return of the after-tax amount you paid. This amount is your cost in the plan or investment, and includes the amounts your employer contributed that were taxable to you when contributed. Partly taxable pensions are taxed under either the General Rule or the Simplified Method. For more information on the General Rule and Simplified Method go to the IRS gov web site and use the search box for Topic 411. If the starting date of your pension or annuity payments is after November 18, 1996, you generally must use the Simplified Method to determine how much of your annuity payments is taxable and how much is tax free.If you receive pension or annuity payments before age 59 1/2, you may be subject to an additional 10% tax on early distributions. However, this additional tax will not apply if the payments are made after your separation from service in or after the year you reached age 55, or if the payments are part of a series of substantially equal payments that are paid over your life. For other exceptions go to the IRS gov web site and use the search box Publication 575, Pension and Annuity Income.The taxable part of your pension or annuity payments is generally subject to federal income tax withholding. See Related Link below


Can federal tax on an annuity be deducted on your federal tax return?

There is a section on the tax form for deductions. If you keep track of how much money you have paid on an annuity, tax professionals and various tax programs will assist in making the proper federal tax deductions.


Are Variable annuity pay outs taxable?

Oh boy, your gonna love this! Clearly, the annuity company should really provide a statement showing what is and what isn't taxable. Mud is much clearer, and some investment advisors claim annuities are terrible tax things. Complex rules apply to the taxation of amounts received under certain annuity and life insurance contracts. Amounts received as an annuity are included in gross income to the extent that they exceed the exclusion ratio, which is determined by taking the original investment in the contract, deducting the value of any refund features, and dividing the result by the expected yield on the contract as of the annuity starting date. Different rules apply to amounts paid under a contract that are not received as an annuity. The annuity rules do not apply to tax-sheltered investment contracts, interest only settlements, and life insurance proceeds payable by reason of death. Special rules apply to many distributions from retirement plans, divorce settlements, required post-death payments under annuity contracts, annuity contracts not held by individuals, and options to receive annuity payments instead of a lump sum under a contract.


How much tax is withheld from checks in Pennsylvania?

Any taxes would have been withheld before your check was printed if you are an employee with an employer. Your employer should be able to answer your question for you.

Related questions

Can you ask a former employer how much an employee received in 401K matching or profit sharing or employer contribution?

a fatty


Can your former employer tell a prospective employer about your health condition?

No!All they can say is "No Commet",it is against the law to give a bad recommendation. No it is a massive invasion of privacy and illegal. Conult a lawyer. Get as much information on the employer who divulged the information. You just might have a lawsuit against your former employer.


How do you find out how much your annuity is worth?

Contact the issuing company as listed in your contract.


How much can I expect in annuity payouts from my insurer?

There is no restriction on how much you can get in annuity payouts from your insurer. The annuity payouts depend on the plans and coverage and also the insurance company.


im trying to find how i can get a print out copy of my annuity funds for 2007 and if i have any funds in there now?

How can I obtain a printed copy of my annuity funds for 2007 in order to determine how much is now available


I would like to do a background check to see what a former empployer is saying about be ?

There isn't much you can do to determine what a former employer is saying about your time there, except that in Tennesee, it is illegal for an employer to say anything except how long you worked there and if you are eligable for rehire. You could have an employment service call them.


Is it legal for a potential employer to find out how much your salary is?

it is illegal


What does an annuity calculator do?

This type of calculator gives you the annual payment of annuity. If you don`t know what annuity is, then this won't help you out very much. But I hope that it will.


Should a previous employer give out dates employee worked for company?

Most employers will provide that information (and pretty much only that information) about former employees.


How much do you get for each annuity payment you sell?

You can earn cash for annuity payments. How much you will earn is based on the earned percentage when you first invested. It is best to speak with a financial adviser.


How much does average annuity salesman make?

80,000 year


A former employer is unwilling to provide a reference who else might you ask to be a reference with regard to a past job?

>a co-worker at that job who has since left the company