Form 8891 - Beneficiary & Annuitant

one_day_at_a_time · Post by **one_day_at_a_time** » Thu Mar 06, 2008 8:35 am

I'm looking for some clarification on the definition of these two status options. What I'm getting from the IRS is just about as clear as mud to me.
Thanks

nelsona · Post by **nelsona** » Thu Mar 06, 2008 9:04 am

Always use beneficiary.

one_day_at_a_time · Post by **one_day_at_a_time** » Thu Mar 06, 2008 9:44 am

Since I received mis-information from the IRS, I had submitted the form and designated myself an Annuitant (I did make an election to defer). I suppose now I will wait until the assessment is returned and see the result. Do you suggest that I make an amendment to the tax year in question or just change my status on subsequent years.
Thanks

nelsona · Post by **nelsona** » Thu Mar 06, 2008 11:37 am

Correct it. By saying annuitant, you have likely not fileld in one of the lines you should have, namely, year-end value.

Don't bother phoning IRS.