2015 form 4972-2025

Show details

4 out of 5

30 votes

Form 4972 is used to calculate the tax on lump-sum distributions from qualified plans for participants born before January 2, 1936. It allows taxpayers to apply special tax options, such as the 20% capital gain election and the 10-year tax option, which may result in a lower tax liability compared to reporting the distribution as ordinary income. The form includes instructions for determining eligibility, reporting requirements, and specific calculations related to taxable amounts and exclusions.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to edit 2015 form 4972 in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Handling paperwork with our comprehensive and intuitive PDF editor is simple. Make the steps below to complete 2015 form 4972 online easily and quickly:

Log in to your account. Sign up with your email and password or create a free account to test the product prior to choosing the subscription.
Import a form. Drag and drop the file from your device or add it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit 2015 form 4972. Easily add and highlight text, insert images, checkmarks, and signs, drop new fillable areas, and rearrange or remove pages from your paperwork.
Get the 2015 form 4972 accomplished. Download your adjusted document, export it to the cloud, print it from the editor, or share it with other participants via a Shareable link or as an email attachment.

Make the most of DocHub, the most straightforward editor to quickly handle your paperwork online!

See more 2015 form 4972 versions

We've got more versions of the 2015 form 4972 form. Select the right 2015 form 4972 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4 Satisfied (50 Votes)
2022	4.5 Satisfied (53 Votes)
2021	4.9 Satisfied (37 Votes)
2020	4.3 Satisfied (193 Votes)
2019	4.2 Satisfied (36 Votes)
2018	4.3 Satisfied (60 Votes)
2017	4.4 Satisfied (242 Votes)
2016	4.4 Satisfied (677 Votes)
2015	4 Satisfied (30 Votes)
2014	4.2 Satisfied (25 Votes)
2011	4.3 Satisfied (66 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How much tax will be taken for a lump-sum payout?

Taxability of Lump-Sum Payments Per IRS rules, lump-sum payments are subject to mandatory 20 percent federal income tax withholding and an additional 2 percent in California state tax if you reside in California at the time of the withdrawal.

Who qualifies for lump-sum distribution?

In general, distributions from qualified plans are treated as lump sums if the total plan balance is distributed over the same tax year, and if the distribution is made as a result of the employee: Attaining age 59 Being deceased (applicable to beneficiaries)

What are lump sum taxes used for?

The imposition of lump-sum taxes therefore causes no deadweight loss. This allows revenue to be raised, and redistribution to be achieved, with no efficiency cost and, hence, permits decentralization of a first-best allocation.

What does the IRS consider a lump-sum payment?

What Is a Qualified Lump-Sum Distribution? It is the distribution or payment in 1 tax year of a plan participants entire balance from all of an employers qualified plans of one kind (for example, pension, profit-sharing, or stock bonus plans) in which the participant had funds.

Purpose What is Form 4972 used for?

If you take a lump-sum distribution, even using Form 4972, the retirement plan administrator typically withholds 20% of your withdrawal and sends it to the IRS on your behalf. If your ultimate tax liability is lower than 20%, you can claim that part back when you file your taxes.