Form Tsp 70 is an annual tax form that is used to report self-employment income. This form is used by people who are self-employed and have net earnings of $400 or more. The form must be filed by April 17th of the year in which the income was earned. There are a number of items that need to be reported on Form Tsp 70, including gross income, business expenses, and your adjusted gross income. Make sure to review the instructions carefully before filing your tax return.
Here are some details you might like to analyze before starting dealing with the form tsp 70.
Question | Answer |
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Form Name | Form Tsp 70 |
Form Length | 2 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 30 sec |
Other names | tsp 99 form 2021, tsp 99 form pdf, tsp 99 form 2020, tsp 99 form |
THRIFT SAVINGS PLAN |
REQUEST FOR FULL WITHDRAWAL
I.INFORMATION ABOUT
1. |
This request applies to my: |
Civilian Account |
OR |
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Uniformed Services Account |
2. |
Last Name |
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First Name |
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Middle Name |
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TSP Account Number |
Date of Birth (mm/dd/yyyy) |
Daytime Phone (Area Code and Number) |
6.Foreign address? 7. Check here.
Street Address or Box Number (For a foreign address, see instructions on back.)
Street Address Line 2
8.
City
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State
10.
Zip Code
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II.MARRIED FERS AND UNIFORMED SERVICES
11.
12.
I choose the default joint life annuity with my spouse. (Option 3b in Section XIII). Skip to Section VII, then complete Page 6.
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Spouse’s Name (Last, First, Middle) |
Spouse’s Social Security Number |
If you are not able to obtain your spouse’s signature below, provide your spouse’s name and Social Security number and submit Form
Spouse’s waiver: I waive my right to a joint life annuity with a 50% survivor benefit, level payments, and no cash refund.
13.
15.
14. |
/ |
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Spouse’s Signature |
Date Signed (mm/dd/yyyy) |
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Notary: Please complete the following. No other acknowledgement is acceptable (see instructions).
The person who signed Item 13 is known to or was identified by me, and, before me, signed or acknowledged to have
signed this form. In witness thereof, I have signed below on this |
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day of |
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My commission expires: |
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Notary Public’s Signature |
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[seal] |
Jurisdiction |
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III.MARRIED CSRS
16.
17.Is your spouse’s address the same as your address?
Yes |
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No (Complete Items |
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Don’t know spouse’s address. |
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(Provide spouse’s SSN and submit |
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Spouse’s Social Security Number |
18. |
Spouse has |
19. |
foreign address? |
Check here.
Street Address or Box Number (For a foreign address, see instructions.)
Street Address Line 2
20.
City
21.
State
Do Not Write Below This Line
22.
Zip Code
–
Form
* P I I S 0 0 2 2 9 5 0 0 2 0 0 0 0 0 0 0 0 P I I S * |
PREVIOUS EDITIONS OBSOLETE |
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Name: |
TSP Account Number: |
(Last, First, Middle)
IV. WITHDRAWAL
23. I would like to withdraw my entire account balance as follows:
a. |
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.0% Single Payment |
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b. |
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.0% Life Annuity (Must equal $3,500 or more. Also complete Page 6.) |
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.0% TSP Monthly Payments → Tell us how to pay your monthly payments: |
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c. |
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1 0 0 % (Total a, b, and c) |
$ |
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per month ($25.00 or more) |
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OR |
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Compute my payments based on my life expectancy.
V.TRANSFER ELECTION
24.I would like to transfer all or a portion of my single payment and/or eligible monthly payments (indicated in Section IV) to an IRA or eligible employer plan. (See instructions for an explanation of eligible monthly payments. Note: You must include the completed applicable transfer page(s) from this form with your withdrawal request package.)
VI. DIRECT DEPOSIT
25. Pay by direct deposit (check all that apply): |
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Single Payment |
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TSP Monthly Payments |
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26. Type of Account: |
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Checking |
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Name of Financial Institution |
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OR |
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29. |
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Savings |
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Routing Number (Must be 9 digits) |
Checking or Savings Account Number |
VII. CERTIFICATION AND
30.
Participant’s Signature
31. |
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Date Signed (mm/dd/yyyy)
32.Notary: Please complete the following. No other acknowledgement is acceptable (see instructions).
The person who signed Item 30 is known to or was identified by me, and, before me, signed or acknowledged to have
signed this form. In witness thereof, I have signed below on this |
day of |
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My commission expires: |
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Date (mm/dd/yyyy) |
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Notary Public’s Signature |
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[seal] |
Jurisdiction |
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Do not write in this section. |
Form |
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PREVIOUS EDITIONS OBSOLETE |
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Name: |
TSP Account Number: |
(Last, First, Middle)
VIII. FEDERAL TAX
Withholding on Single Payments
33.The TSP must withhold 20% of the taxable portion of your single payment for Federal income tax.
Indicate the dollar amount of withholding you want in addition to the mandatory 20% for Federal income tax:
$
,
.00
Withholding on Monthly Payments
The type and duration of monthly payments you elect will determine the required Federal tax withholding and which options below are available to you. You can use the monthly payment calculator on the TSP website (www.tsp.gov) to calculate the esti- mated duration of your payments.
34.For monthly payments that will last less than 10 years (less than 120 payments), indicate the dollar amount of with- holding you want on each monthly payment in addition to the mandatory 20% for Federal income tax:
$
,
.00
35.For monthly payments that will last 10 years or more (120 payments or more), or are computed based on life expectancy, I want:
a.
b.
No withholding
Withholding based on my marital status:
Single |
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Married |
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Married, but withhold at higher single rate |
Allowances (Enter the total number of allowances. If zero, enter 0.)
c. |
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Withhold this additional dollar amount: |
$ |
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(Note: You must also complete Item 35b.) |
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Do not write in this section. |
Form |
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PREVIOUS EDITIONS OBSOLETE |
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Name: |
TSP Account Number: |
(Last, First, Middle)
This page is optional. You and the IRA trustee or plan administrator must complete this page if you want to transfer (i.e., direct rollover) all or a part of the traditional
IX. YOUR TRANSFER ELECTION FOR TRADITIONAL
36.Single Payment. Indicate the percentage of your traditional
37.Monthly Payments. Indicate the percentage of your traditional
.0%
.0%
X.TRANSFER INFORMATION FOR TRADITIONAL
38. |
Type of Account: |
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Traditional IRA |
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Eligible Employer Plan |
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Roth IRA |
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39. |
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IRA/Plan Account Number or Other Customer ID |
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40. |
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Check this box if |
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41. |
Provide the name and mailing address information below exactly as it should appear on the front of the check. |
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financial |
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Make check payable to |
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institution or |
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plan should |
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complete this |
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If needed, use these boxes to supplement “check payable to” information above. |
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information. |
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It will be used |
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to identify the |
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account that |
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will receive the |
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– |
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}transfer. |
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State |
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Zip Code |
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I confirm the accuracy of the information in this section and the identity of the individual named above. As a representative of the financial institution or plan to which the funds are being transferred, I certify that the financial institution or plan agrees to accept the funds directly from the Thrift Savings Plan and deposit them into the IRA or eligible employer plan identified above.
42.
Typed or Printed Name of Certifying Representative (Last, First, Middle)
43.
Signature of Certifying Representative
( )
Daytime Phone (Area Code and Number)
44. |
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/ |
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/ |
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Date Signed (mm/dd/yyyy)
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Do not write in this section. |
Form |
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PREVIOUS EDITIONS OBSOLETE |
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Name: |
TSP Account Number: |
(Last, First, Middle)
This page is optional. You and the IRA trustee or plan administrator must complete this page if you want to transfer (i.e., direct rollover) all or a part of the Roth portion of your single or eligible monthly payments to a Roth IRA or to a Roth account maintained by an eligible employer plan. Your Roth TSP balance consists of any employee contributions that you designated as Roth when you made your contribution election and the earnings associated with these contributions. Withdrawals of Roth contributions are paid
XI. YOUR TRANSFER ELECTION FOR ROTH
45.Single Payment. Indicate the percentage of your Roth single payment that you want to transfer:
46.Monthly Payments. Indicate the percentage of your Roth monthly payments that you want to transfer:
.0%
.0%
XII. TRANSFER INFORMATION FOR ROTH
47. Type of Account: |
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Roth IRA |
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Eligible Employer |
48.
IRA/Plan Account Number or Other Customer ID
49. Provide the name and mailing address information below exactly as it should appear on the front of the check.
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Only the |
Make check payable to |
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financial |
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institution or |
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plan should |
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complete this |
If needed, use these boxes to supplement “check payable to” information above. |
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information. |
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It will be used |
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to identify the |
Street Address |
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account that |
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will receive the |
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City |
State |
Zip Code |
– |
}transfer. |
I confirm the accuracy of the information in this section and the identity of the individual named above. As a representative of the financial institution or plan to which the funds are being transferred, I certify that the financial institution or plan agrees to accept the funds directly from the Thrift Savings Plan and deposit them into the IRA or eligible employer plan identified above.
50.
51.
Typed or Printed Name of Certifying Representative (Last, First, Middle)
Signature of Certifying Representative
( )
Daytime Phone (Area Code and Number)
52. |
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/ |
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/ |
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Date Signed (mm/dd/yyyy)
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Do not write in this section. |
Form |
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PREVIOUS EDITIONS OBSOLETE |
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Name: |
TSP Account Number: |
(Last, First, Middle)
Complete this page if you chose a life annuity in Item 11 or 23b.
XIII. ANNUITY
53.Your Gender:
Male
Female
54.Indicate your annuity choice by checking one of the options below.
Single |
Single |
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1a |
No additional features |
2a |
No additional features |
*1b |
Cash refund (Complete Section XV) |
*2b |
Cash refund (Complete Section XV) |
*1c |
*2c |
Joint Life With |
Joint Life With |
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3a |
100% |
to survivor, no additional features |
4a |
100% |
to survivor, no additional features |
3b |
50% |
to survivor, no additional features |
4b |
50% |
to survivor, no additional features |
*3c |
100% |
to survivor, cash refund (Complete Section XV) |
*4c |
100% |
to survivor, cash refund (Complete Section XV) |
*3d |
50% |
to survivor, cash refund (Complete Section XV) |
*4d |
50% |
to survivor, cash refund (Complete Section XV) |
Joint Life With Joint Annuitant Other Than
5a |
100% |
to survivor, no additional features |
*5c |
100% |
to survivor, cash refund (Complete Section XV) |
5b |
50% |
to survivor, no additional features |
*5d |
50% |
to survivor, cash refund (Complete Section XV) |
XIV. INFORMATION ABOUT SPOUSE OR OTHER JOINT ANNUITANT 55.
Name (Last, First, Middle)
56. |
/ |
/ |
57. |
- |
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58. Gender: |
Male |
Female |
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Date of Birth (mm/dd/yyyy) |
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Joint Annuitant’s Social Security Number |
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59. |
Relationship to Participant |
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XV. BENEFICIARY DESIGNATION FOR YOUR TSP
60.
Beneficiary’s Name (Last, First, Middle)
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Social Security Number/EIN
Relationship to Participant
61.
Beneficiary’s Name (Last, First, Middle)
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Social Security Number/EIN
Relationship to Participant
62.
Beneficiary’s Name (Last, First, Middle)
Social Security Number/EIN
Relationship to Participant
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PREVIOUS EDITIONS OBSOLETE |
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