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 can rollover amounts from the following plans into a Traditional IRA on a tax free basis: 1  A Traditional IRA, 2  An employerâs qualified retirement plan for its employees such as 401(k), 3  A deferred compensation plan of a state or local government 457(b),4  A tax-sheltered annuity plan 403 (b),ou can rollover amounts from the following plans into a Traditional IRA on a tax free basis: 1  A Traditional IRA, 2  An employerâs qualified retirement plan for its employees such as 401(k), 3  A deferred compensation plan of a state or local government 457(b),