mikeak
Jun 14 2004, 01:09 PM
Participant dies, qualified plan provides for Death Benefit as a Lump Sum. Beneficiaries are 2 non-spouse survivors living in Puerto Rico. Which withholding and tax form reporting rule applies: Non-Spousal Death Benefit or Puerto Rico Lump Sum Payment?
Demosthenes
Jun 14 2004, 01:37 PM
What was the deceased's legal residence? My understanding is that rules in effect for the residence govern.
mikeak
Jun 14 2004, 01:48 PM
Participant was a resident of Puerto Rico.