File Your Representative Payee Report. The SSA requires that a representative payee file an annual accounting called the Representative Payee Report. This report details what you, as the representative payee, have done with the beneficiary's funds during the previous year.
You can roll over an inherited qualified annuity. This type of annuity resides in an individual retirement account or employer plan. A nonspouse beneficiary has limited options regarding how to roll over the annuity and when taxes are due.
You may roll over the payment to either an IRA (an individual retirement account or individual retirement annuity) or an. employer plan (a tax qualified plan, section 403(b) plan, or governmental section 457(b) plan) that will accept the. rollover.