Question: Three retirees receive monthly pension checks. Two have stopped cashing them and the post office keeps returning the other retiree’s check as undeliverable. We’ve searched the obituaries and looked in our old HR files for their next of kin, but we’ve come up empty. We have to provide Forms 1099-R to them by the end of this month. What do we do?
Answer: For the moment, you should keep on trying to locate these retirees. You can look at previously canceled checks to get the name of their banks. The banks may not be able to provide you with specific information, but they may be able to contact the individuals or their next of kin. You must still prepare Forms 1099-R and send them to the addresses you have. If the post office returns them as undeliverable, retain the forms, and the envelopes, for at least four years.