The Form 1099-R, Distributions from Pensions, Annuities, etc. skill extracts data from Forms 1099-R, which are annual reports about distributions from pensions, annuities, retirement or profit-sharing plans, individual retirement accounts, insurance contracts, etc. This form has to be compiled by either the person that carried out such payments or by the manager of the appropriate plan, and is then provided to both the US Internal Revenue Service (IRS) and the recipient of such payments. A separate report has to be compiled for each recipient. Several reports may sometimes be required for a single recipient.

The Form 1099-R, Distributions from Pensions, Annuities, etc. skill is a preview skill. It has been trained on a small document set and is intended to be used by citizen developers as a quick-start basis for processing Forms 1099-R. The skill may require further training on your specific documents in order to be used in production scenarios.

• Vantage document skills are extraction models, based on ABBYY's purpose-built AI, designed and trained to extract key data from business documents.
• Preview Document Skills provide a quick-start basis for conducting proof of concept and automating document-centric processes, without wasting time to train a new skill from the ground up. In most preview skills the main data fields have been labeled and the skill has been trained on a small document set to provide a starting point for further training on customer side. Preview skills generally come at no additional cost, but consume page volume from the base Vantage Core Skills volume.
• Includes validation and data normalization rules. Further business rules can be added as required.
• Can be augmented by human-in-the-loop review and verification based on accuracy thresholds, missing or incorrect information.
• Requires further training in order to ensure sufficient accuracy levels on customer-specific documents. Training can be done up-front or during runtime as documents arrive and go through manual verification.