Still Waiting for Your 1099s?

 If you haven’t received an important tax form, you should reach out to the payor. If that doesn’t solve the problem, the IRS can contact the payor on your behalf.

Column distributed by Hearst Connecticut Media Group.

Links to resources referenced:

• Fidelity Tax Information Center
  • https://institutional.fidelity.com/advisors/tools-and-resources/tax-information-center   
  • Related column excerpt:
    • “Many Form 1099s are scheduled to be sent out by the end of January, but not all. As an example, the website for Fidelity Investments includes a Tax Form Schedule with the ‘approximate availability of tax forms.’ Form 1099-R has a Jan. 31, 2025, reporting deadline, while Form 1099-DIV and Form 1099-B each have a reporting deadline of Feb. 17, 2025.”
• Merrill Tax Statement Mailing Dates
  • https://www.merrilledge.com/guidance/tax-statement-mailing-dates  
    • Related column excerpt:
      • “The issuer may have an extension beyond these dates. The website for Merrill, an investment and wealth management division of Bank of America, notes it has a ‘regulatory due date with extension,’ along with an explanation that ‘Merrill requests an extension with the IRS so that we can validate the information that we’re providing. Due dates shown reflect the regulatory deadline as a result of this extension.’ For Form 1099-R, it is March 3, while the Consolidated 1099 Tax Statement has a deadline of March 20.”
• BNY Pershing 2024 Tax Guide
  • https://www.bny.com/content/dam/pershing/documents/pdfs/2024-tax-guide.pdf  
    • Related column excerpt:
      • “Also, the 2024 Tax Guide for BNY Pershing, a financial services company, indicates that Form 1099-DIV and Form 1099-MISC are due to the recipient on Feb. 15, adding  that the due date applies when ‘the forms are included in a “composite form recipient statement” as defined by the IRS.’”
• IRS Topic no. 154, Form W-2 and Form 1099-R (what to do if incorrect or not received)
  • https://www.irs.gov/taxtopics/tc154  
    • Related column excerpt:
    • “If, after contacting the firm, you still do not receive a copy of the needed form by the end of February, you can reach out to the IRS for help by calling 800-829-1040. You will need to provide your name, address (including ZIP code) and taxpayer identification number (for example, your Social Security number or individual taxpayer identification number). In addition, you will also need the employer’s or payor’s name and address (including ZIP code).” 
• IRS Form 4852
  • https://www.irs.gov/pub/irs-pdf/f4852.pdf
    • Related column excerpt:
      • “The IRS will also send you Form 4852, which has the lengthy title of ‘Substitute for Form W-2, Wage and Tax Statement, or Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.’” 
• IRS About Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return
  • https://www.irs.gov/forms-pubs/about-form-4868
    • Related column excerpt:
      • “In addition, there will be a letter that contains instructions on how to use the form to provide the IRS with an estimate that will allow you to file your tax return before April 15 (or Oct. 15, if you request and receive an extension).”
• IRS About Form 1040-X, Amended U.S. Individual Income Tax Return
  • https://www.irs.gov/forms-pubs/about-form-1040x  
    • Related column excerpt:
      • “Note that if you do receive the missing or corrected form after filing your return and the information is different from your estimated numbers, you will need to file Form 1040-X, Amended U.S. Individual Income Tax Return.”