This question is related to Where to report 1042-S income and federal tax withheld on form 1040?
I am a U.S citizen living abroad (Taiwan). I am a 64 years old retiree and own a 401K account managed by a well-known company in the U.S.
I made 401K withdraws total amount $4500.00 last year (2015). At the time I made the withdraws, the company withheld 30% tax instead of 20%. I did not say anything back then because I thought it was just tax law change. And I know I can get the money back when I file the tax return next year.
Now, it's tax return time. I am about to file Fed Income tax return. I received 1042-S from the management company in February, 2016. Since then I called the management company asking them to give me 1099-R instead of 1042-S.
The company simply refused to give me 1099-R Their explanation is that I live in Taiwan so they must treat me as a Non-Resident Alien. I explained to them that I am a U.S. citizen regardless where I live. They seem to not understand this.
I sent them a signed W-9 form in late February(2016) and they acknowledged the receipt of that form in early March . I called them back and asked them to give me 1099-R. They still refused and the reason is the same.
I read the above linked question. I decide to use the way recommended by @littleadv 's answer, that is, check 1040 form line73 (d) when I file the Fed income tax.
However, this can only solve the tax return this year and I still have at least two problems.
- Will IRS accept 1042-S and give me tax refund? (The 30% tax withheld is about the refund amount)
- I need the company to withhold 20% tax when I make withdraws as I am a U.S. citizen.
So, my question is,
How do I ask the 401K company withhold 20% tax when I make 401K withdraws? And how do I tell that company to give me 1099-R instead of 1042-S next year and after?
Added after @Brick 's comment
I made 401K withdraws since after I was 59 1/2 years old. I never had any problem(I always got 20% tax withheld and received 1099-R the next year) until they changed to this management company which has this problem. I have a pension account which is managed by another company which gave me 1099-R for my pension income (they did ask me for W-9 in Feb., 2015 and I sent them W-9 in Feb., 2015). Both the pension management company and the 401K management company are supposed to report to my former employer (the company I retired from) retirement center. This retirement center always has my W-9 info all along. (I worked for them for many years until I retired. They do have every info about me.)
For my current problem, I have a work around, that is, the answer to the linked question. My real question is how to tell them to give me 1099-R next year and after?