Comments on: Ask the taxgirl: Where are my tax forms? http://www.taxgirl.com/ask-the-taxgirl-where-are-my-tax-forms/ Paying taxes is painful... but reading about them shouldn't be. Sun, 22 Nov 2009 00:42:26 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Kelly http://www.taxgirl.com/ask-the-taxgirl-where-are-my-tax-forms/comment-page-1/#comment-8698 Kelly Wed, 04 Feb 2009 16:59:35 +0000 http://www.taxgirl.com/?p=2489#comment-8698 Vinny - You're right, I clarified that in my post on the matter - not sure if you saw it yet or not. Technically, though, the 1099-DIV form is only extended if in conjunction with a 1099-B, as you pointed out. Financial institutions which are issuing a straight 1099-INT or 1099-DIV are, as I understand from IRS, still held to the January 31 deadline. I love the title of the bill. Kind of alerts you right at the beginning that they're going to amend tax form extension dates. ;) Vinny – You’re right, I clarified that in my post on the matter – not sure if you saw it yet or not. Technically, though, the 1099-DIV form is only extended if in conjunction with a 1099-B, as you pointed out. Financial institutions which are issuing a straight 1099-INT or 1099-DIV are, as I understand from IRS, still held to the January 31 deadline.

I love the title of the bill. Kind of alerts you right at the beginning that they’re going to amend tax form extension dates. ;)

]]> By: Vinny http://www.taxgirl.com/ask-the-taxgirl-where-are-my-tax-forms/comment-page-1/#comment-8697 Vinny Wed, 04 Feb 2009 15:52:06 +0000 http://www.taxgirl.com/?p=2489#comment-8697 Actually, Schwab does have until Feb 15. The Energy Improvement and Extension Act of 2008 (PL 110-343) amended section 6045 (returns of brokers) to change the deadline for statements provided to customers from Jan. 31 to Feb. 15, as well as adding a sentence: <blockquote>In the case of a consolidated reporting statement (as defined in regulations) with respect to any customer, any statement which would otherwise be required to be furnished on or before January 31 of a calendar year with respect to any item reportable to the taxpayer shall instead be required to be furnished on or before February 15 of such calendar year if furnished with such consolidated reporting statement.</blockquote> The IRS issued Notice 2009-11 to clarify that although a "consolidated reporting statement" is not currently defined, because a broker's composite 1099 includes 1099-B information, the deadline for issuing a composite 1099 statement, which would also include 1099-int and 1099-div information, is now Feb. 15 under the statute. Actually, Schwab does have until Feb 15. The Energy Improvement and Extension Act of 2008 (PL 110-343) amended section 6045 (returns of brokers) to change the deadline for statements provided to customers from Jan. 31 to Feb. 15, as well as adding a sentence:

In the case of a consolidated reporting statement (as defined in regulations) with respect to any customer, any statement which would otherwise be required to be furnished on or before January 31 of a calendar year with respect to any item reportable to the taxpayer shall instead be required to be furnished on or before February 15 of such calendar year if furnished with such consolidated reporting statement.

The IRS issued Notice 2009-11 to clarify that although a “consolidated reporting statement” is not currently defined, because a broker’s composite 1099 includes 1099-B information, the deadline for issuing a composite 1099 statement, which would also include 1099-int and 1099-div information, is now Feb. 15 under the statute.

]]> By: New Law Extends Deadlines For Some Tax Forms | taxgirl http://www.taxgirl.com/ask-the-taxgirl-where-are-my-tax-forms/comment-page-1/#comment-8695 New Law Extends Deadlines For Some Tax Forms | taxgirl Wed, 04 Feb 2009 15:21:14 +0000 http://www.taxgirl.com/?p=2489#comment-8695 [...] a comment to my prior post about late forms 1099 and W-2, one of my readers (Thanks, Adam!) pointed out that brokers were sending notices about late forms [...] [...] a comment to my prior post about late forms 1099 and W-2, one of my readers (Thanks, Adam!) pointed out that brokers were sending notices about late forms [...]

]]> By: Kelly http://www.taxgirl.com/ask-the-taxgirl-where-are-my-tax-forms/comment-page-1/#comment-8694 Kelly Wed, 04 Feb 2009 15:04:39 +0000 http://www.taxgirl.com/?p=2489#comment-8694 Thanks for pointing that out - though Charles Schwab isn't quite right! The law that you're referring to changed the deadline from Jan. 31 to Feb. 15 for forms 1099-B (brokerage statements) but not for other forms 1099. The other forms 1099 are still required to be on time. You can read the press release from IRS <a href="http://www.irs.gov/newsroom/article/0,,id=203200,00.html" rel="nofollow"> on the IRS site here </a>. Thanks for pointing that out – though Charles Schwab isn’t quite right! The law that you’re referring to changed the deadline from Jan. 31 to Feb. 15 for forms 1099-B (brokerage statements) but not for other forms 1099. The other forms 1099 are still required to be on time. You can read the press release from IRS on the IRS site here .

]]> By: Adam http://www.taxgirl.com/ask-the-taxgirl-where-are-my-tax-forms/comment-page-1/#comment-8693 Adam Wed, 04 Feb 2009 14:55:07 +0000 http://www.taxgirl.com/?p=2489#comment-8693 I received an email from Charles Schwab the other day stating that they had until Feb 15th to send my 1099-INT. They said it was due to a bill that was passed in Congress. Does that bill maybe apply to W2's as well? I received an email from Charles Schwab the other day stating that they had until Feb 15th to send my 1099-INT. They said it was due to a bill that was passed in Congress. Does that bill maybe apply to W2’s as well?

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