Eli Posted February 27, 2008 Report Share Posted February 27, 2008 from her uncle's pension upon his death. There was no federal witholding. The total amounted to 35000+ with a code 4. Just want make sure there were no special things I need to do with this. Theres also a penalty for under payment of taxes. Is there any way to get the penalty waived? Thanks! Eli Quote Link to comment Share on other sites More sharing options...
taxtrio Posted February 27, 2008 Report Share Posted February 27, 2008 from her uncle's pension upon his death. There was no federal witholding. The total amounted to 35000+ with a code 4. Just want make sure there were no special things I need to do with this. Theres also a penalty for under payment of taxes. Is there any way to get the penalty waived? Thanks! Eli If you put code 4 on 1099R, no penalty. Quote Link to comment Share on other sites More sharing options...
grandmabee Posted February 27, 2008 Report Share Posted February 27, 2008 from her uncle's pension upon his death. There was no federal witholding. The total amounted to 35000+ with a code 4. Just want make sure there were no special things I need to do with this. Theres also a penalty for under payment of taxes. Is there any way to get the penalty waived? Thanks! Eli if you fill out 2210 she should met exception Quote Link to comment Share on other sites More sharing options...
Eli Posted February 27, 2008 Author Report Share Posted February 27, 2008 if you fill out 2210 she should met exception Thank you both for your assistance. Eli Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.