Retirement Rollover mandates 1099-R?

[AZ-Tax]

I started my career as a securities rep and currently am still one but not until I became a tax preparer did I realize what "jerks" most securities reps are when it comes to obtaining tax documents pertaining to their clients. My client tells me that Principal and Amerprise told him that no 1099-R needs to be issued regarding his 2010 retirement rollover due to no distribution and no taxable event. Agree no distribution and no taxable event but isnt the TP responsible for reporting the rollover anyway and how does the TP know its even a rollover? When a code G rollover is reported, it appears on ln 16a form 1040. So my question is, are financial institutions mandated to issue a 1099-R for a retirement rollover with a code "G" and if any of you can email me a link with a "cite" or something referring to it being a mandate, I would sure appreciate it.

[Gary2]

The easiest citation is to just read the IRS instructions for issuers of the 1099-R. The one exception I know off the top of my head is that a trustee-to-trustee transfer of a traditional IRA doesn't require a 1099-R. As far as a I know, a direct rollover of a 401k into an IRA does.

[AZ-Tax]

Code G looks to cover both

The easiest citation is to just read the IRS instructions for issuers of the 1099-R. The one exception I know off the top of my head is that a trustee-to-trustee transfer of a traditional IRA doesn't require a 1099-R. As far as a I know, a direct rollover of a 401k into an IRA does.

Upon looking at my drop down menu 1099-R worksheet, code, G can be either a "direct rollover" or "rollover contribution (which I assume is a "trustee to trustee for no other code in the drop down menu mentions trustee to trustee transfer)", corrrect?

[Burke]

I believe that is correct. Some institutions do not produce 1099-R's for trustee-to-trustee transfers, and others do, even though not required. Just like some banks produce 1099-INT for interest under $10, and some payors issue 1099MISC for less than $600, even though they do not have to. Sometimes depending on the software programs, it is just easier to do it for everyone than eliminate some. Those exceptions were designed to help out small firms. I am not sure the TP is required to report a T-to-T transfer on the tax return if no 1099R has been sent to the IRS.