Tax Forms Support

The amounts shown on Forms 1099, 1098-Q, and 5498 will be reported to the Internal Revenue Service (IRS). In general, these forms contain dividend, distribution, sale/exchange and account value information related to your client's annuity contract.

Download the federal tax forms available below, or go to www.irs.gov for more specific information. Your clients should consult with their tax or legal advisors regarding their specific situation.

 
Type of Communication/Title of Form Email Form Purpose Mailed

IRS Form 1099-R

Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.

Email  Reports distributions from retirement or profit-sharing plans, any IRA, insurance contracts, and IRA recharacterizations.
Late January

1099-R Questions and Answers - Information and frequently asked questions regarding IRS form 1099-R.
 

IRS Form 1098-Q

Qualifying Longevity Annuity Contract Information

 

  Reports contributions (including rollovers) to any qualifying longevity annuity contract (QLAC), including total premiums through the end of the calendar year, fair market value (FMV) of the account, and annuity payment amount and start date (if applicable).
Late January
Please contact Pacific Life Customer Service with any questions related to your qualifying longevity annuity contract.
 

IRS Form 5498

IRA Contribution Information

Email  Reports contributions (including rollovers) to any individual retirement arrangements (IRA) including a SEP, SIMPLE, and Roth IRA, Roth conversions, IRA recharacterizations, and the fair market value (FMV) of the account.
Late May
5498 Questions and Answers - Information and frequently asked questions regarding form 5498.
 
 
 

Pacific Life, its distributors, and respective representatives do not provide tax, accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor or attorney.

Pacific Life is a product provider. It is not a fiduciary and therefore does not give advice or make recommendations regarding insurance or investment products.

Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life & Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the financial obligations accruing under the products it issues. 

Variable insurance products are distributed by Pacific Select Distributors, LLC (member FINRA & SIPC), a subsidiary of Pacific Life Insurance Company (Newport Beach, CA) and an affiliate of Pacific Life & Annuity Company. Variable and fixed annuity products are available through licensed third parties.

No bank guarantee • Not a deposit • Not FDIC/NCUA insured • May lose value • Not insured by any federal government agency