Certified Payroll Professional Practice Exam

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What information does Form 1099-R deal with?

  1. Worker status determination

  2. Annual summary of transmittal

  3. Application for employer identification number

  4. Distributions from retirement plans

The correct answer is: Distributions from retirement plans

The form 1099-R is used to report distributions from retirement plans, which are typically taxable. This option is correct because it accurately describes the type of information that is reported on Form 1099-R. Option A, worker status determination, is incorrect because this form is used for reporting payments to independent contractors and does not pertain to retirement plans. Option B, annual summary of transmittal, is incorrect because this form is used for reporting payments made to contract workers, not retirement plan distributions. Option C, application for employer identification number, is incorrect because this form is used for establishing a business's identification number, not for reporting retirement plan distributions.

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