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Tax Form Reminders
As we approach tax season, we would like to remind you of some important tax related issues. Tax Forms 1099 and 1099R will be delivered by mid to late February 2010. Tax Form K-1 for limited partnerships will be delivered by mid March 2010. This should give you ample time to gather investment related tax documents and deliver them to your tax preparer before the April 15th deadline.
As a caution, as in past years, there will undoubtedly be "corrected 1099's" constructed after the originals are issued. These corrections are made internally with each specific mutual fund company, who will then inform investment firms (like LPL Financial) of any applicable changes made to 1099's. Unfortunately, this process will more than likely continue in the foreseeable future as tax reporting deadlines for mutual fund companies are not aligned with tax reporting deadlines for investors. Hence, we recommend completing your tax returns the first week of April to allow any corrected 1099's to be delivered.
Please contact us if you have any questions or concerns regarding your accounts with us.
Sincerely,
Steve Van Houten, CFP® LPL Registered Principal | CA Insurance Lic# 0613686
Lou Oberman, RFC LPL Financial Consultant | CA Insurance Lic# 0393733 |
