Company annuity converted to lump sum paymnent

[ThomasJTurek]

I received a monthly annuity payment from a company's non-qualified pension plan. The company was sold. They converted my annuity to a one-time lump sum payment. Do I have to treat that as regular income or are there special provisions to spread out tax payments on the lump sum?

[DaveF1006]

There is no provision for spreading out lump sum payments for a on-qualified pension plan.  This is taxable in the year it is distributed.