IRS Forms

Tax Forms

IRS Form W-4P

Form W-4P is for U.S. citizens, resident aliens or estates receiving pensions and annuities. It is used to notify Wespath Benefits and Investments (Wespath) of your elected amount of federal income tax to withhold from benefit payments. If you are currently receiving benefit payments that are expected to last at least 10 years or are being paid over your life expectancy, you have the right to revoke or change your withholding election by submitting a new IRS Form W-4P to Wespath. If you do not wish to make any withholding changes, you do not need to submit a new Form W-4P.

Generally, the IRS does not provide an updated form for the following year until late December. Elections made using prior year forms will be accepted.

Here is a direct link to Form W-4P (Withholding Certificate for Pension or Annuity Payments) (PDF, 91 KB) stored on the IRS website.

IRS Form W-7

Form W-7 is for nonresident aliens receiving pensions and annuities who want to apply for an Internal Revenue Service (IRS) Individual Taxpayer Identification Number (ITIN). An ITIN is a nine-digit number issued by the U.S. IRS to nonresident aliens who are not eligible for a U.S. Social Security Number. The ITIN is required if you are a nonresident alien claiming tax treaty benefits for a reduced rate of, or an exemption from, U.S. Federal tax withholding on your pension or annuity payments.

Here is a direct link to Form W-7 (PDF, 262 KB) stored on the IRS website.

Instructions for how to complete Form W-7 are also available on the IRS website.

IRS Form W-8BEN

Form W-8BEN establishes that you are not a U.S. resident, and, if you qualify, allows you to claim a reduced rate of, or an exemption from, U.S. Federal income tax withholding on your pension or annuity payments because you are a resident of a non-U.S. country with which the U.S. has an income tax treaty.

Here is a direct link to Form W-8BEN (PDF, 90 KB) stored on the IRS website.

Instructions for how to complete Form W-8BEN are also available on the IRS website.

Special Tax Notice Regarding Distributions

If you receive a rollover-eligible distribution from a Wespath-administered retirement plan, Wespath is required to provide you with a Special Tax Notice Regarding Distributions. This notice explains the rules for direct rollovers and mandatory income tax withholding on distributions not directly rolled over. A direct rollover is a distribution of all or part of your benefit either paid directly to another plan (or IRA) or indirectly to you.

This notice also contains important information to consider when deciding how to receive a retirement plan distribution.

Here is a direct link to the Special Tax Notice Regarding Distributions (PDF, 483 KB)

State Income Tax Withholding Form

If you wish to change your state income tax withholding election, submit a new State Income Tax Withholding Form to Wespath.

Here is a direct link to the State Income Tax Withholding Form (PDF, 70KB)

Puerto Rico Administrative Summary

This document is a summary of administrative requirements relating to contributions and distributions from the PRCRSP and the PRPIP. Participants should refer to this summary in addition to the Summary Plan Description (SPD) for each plan. The SPD provides more detailed information.

Here is a direct link to the Puerto Rico Administrative Summary document (PDF, 125K).

Tax Notice Regarding Distributions—Puerto Rico

Wespath provides the Tax Notice Regarding Distributions to residents of Puerto Rico. This notice provides information on rollover-eligible distributions as well as other general information regarding distributions.

Here is a direct link to the Tax Notice Regarding Distributions—Puerto Rico (PDF, 88K).

Please note: the IRS Form W-4P, State Income Tax Withholding Form and the Special Tax Notice Regarding Distributions do not apply to residents of Puerto Rico.
 

 
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