5-year tax option repealed.
The 5-year tax option for figuring the tax on lump-sum
distributions from a qualified retirement plan has been repealed.
However, a plan participant can continue to choose the 10-year tax
option or capital gain treatment for a lump-sum distribution that
qualifies for the special treatment. See the discussion on lump-sum
distributions under Taxation of Nonperiodic Payments.
Photographs of missing children.
The Internal Revenue Service is a proud partner with the National
Center for Missing and Exploited Children. Photographs of missing
children selected by the Center may appear in this publication on
pages that would otherwise be blank. You can help bring these children
home by looking at the photographs and calling
(1-800-843-5678) if you recognize a child.