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Florida Retirement System Pension Plan Deferred Retirement Option Program (DROP) Termination NotificationDPTERM Rev. 04/10 Retired PayrollPO BOX 3090 Tallahassee, FL 323153090 (850) 4874856 Toll Free;
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Obtain the preparing-to-terminate-drop-special-tax-notice form from the relevant authority or website.
02
Read the instructions carefully to understand the information required to fill out the form.
03
Fill in your personal details such as name, address, and social security number.
04
Provide information about the retirement account or plan that you are terminating or dropping.
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Sign and date the form before submitting it to the appropriate party.

Who needs preparing-to-terminate-drop-special-tax-notice?

01
Individuals who are terminating or dropping a retirement account or plan.
02
People who need to inform the relevant authority about their decision to terminate a special tax notice.
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The Preparing-to-Terminate-DROP-Special-Tax-Notice is a form used to notify relevant tax authorities about the intention to terminate a Deferred Retirement Option Plan (DROP) and the associated tax implications.
Individuals who are participants in a DROP and are planning to terminate their participation must file the notice.
To fill out the notice, individuals must provide their personal information, details of their DROP participation, and the intended date of termination, along with any required signatures.
The purpose of the notice is to formally notify the tax authorities of the upcoming termination of a DROP, ensuring compliance with tax regulations and proper reporting.
Information such as the participant's personal details, DROP account information, the date of termination, and any applicable tax withholding details must be reported.
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