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It’s Tax Season! Here’s What You Need to Know

Tuesday January 20, 2015

Do you receive a benefit from PBGC? If so, all or a portion of your benefit may be taxable. Each year, we report this information to the IRS and send you an IRS Form 1099-R that details the amount you received the previous year.

We'll mail your 2014 Form 1099-R to your address on file by Monday, February 2, 2015. If you don't receive your form soon after February 2, 2015, you may request a duplicate. Here's how:

  • Use our online service, MyPBA, to view and print a copy of your 1099-R tax form for the most recent tax year.
  • Call PBGC's Customer Contact Center to request a form by mail. The number is 1-800-400-7242.

When calling, remember to have your Social Security number, plan name and case number to help expedite the request.  

While PBGC is required to withhold federal income tax, we do not withhold for state taxes. If your state has an income tax, you may owe tax on your PBGC benefit. To find out more, contact your state tax office.