- 7 - to a traditional IRA, qualified pension plan, or tax-shel- tered annuity. * * * On July 9, 2001, petitioner signed and dated Form W-4P for her taxable year 2001 with respect to decedent’s fixed/variable annuity contract (petitioner’s Form W-4P for fixed/variable annuity contract). In that form, petitioner directed that no tax was to be withheld from any distribution with respect to dece- dent’s fixed/variable annuity contract. The instructions for petitioner’s 2001 Form W-4P for decedent’s fixed/variable annuity contract were identical to the instructions for petitioner’s 2001 Form W-4P for decedent’s fixed annuity contract. On July 17, 2001, Sun Life received an undated letter from petitioner with respect to decedent’s fixed annuity contract (petitioner’s July 17, 2001 letter with respect to decedent’s fixed annuity contract). In that letter, petitioner elected what she referred to as a “lump sum death benefit payment” under decedent’s fixed annuity contract and requested that Sun Life “not withhold any taxes from this distribution.” Petitioner enclosed with petitioner’s July 17, 2001 letter with respect to decedent’s fixed annuity contract, inter alia, petitioner’s 2001 Form W-4P for decedent’s fixed annuity contract, including the instructions to such form, a form entitled “ANNUITIZATION DATA FORM” on which no information was contained and which had been crossed out, and a form entitled “Direct Deposit Authorization” in which petitioner directed Sun Life to deposit directly intoPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011