Getting back Federal W/H from Thrivent donation

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Lolbkpr
Posts: 17
Joined: Mon Nov 18, 2019 4:11 pm

Getting back Federal W/H from Thrivent donation

Post by Lolbkpr »

Hello
A church member had a life insurance policy with Thrivent for about $13K and signed it over to our church. I filled out some forms and the church is now the 'owner' of this - but I did not see anywhere on the forms where I could opt out of withholding Federal Taxes. But, they withheld $1200 or so taxes from the $13K or so donation.
I did get a form back 1099-R that shows the amount withheld.

How do we get the withheld taxes back?
As a church, we don't file a tax form where we would request withholding back, like a 1040 would.

NeilZ
Posts: 10389
Joined: Wed Oct 08, 2003 1:20 am
Location: Dexter NM
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Re: Getting back Federal W/H from Thrivent donation

Post by NeilZ »

Lolbkpr wrote:
Tue Feb 11, 2025 3:23 am
Hello
A church member had a life insurance policy with Thrivent for about $13K and signed it over to our church. I filled out some forms and the church is now the 'owner' of this - but I did not see anywhere on the forms where I could opt out of withholding Federal Taxes. But, they withheld $1200 or so taxes from the $13K or so donation.
I did get a form back 1099-R that shows the amount withheld.

How do we get the withheld taxes back?
As a church, we don't file a tax form where we would request withholding back, like a 1040 would.
This is really not a Powerchurch question, but should be discussed with the IRS ...
Neil Zampella

Using PC+ since 1999.

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