Wow you guys are really on the ball this year!
We have had more requests for tax statements than in many recent years already…. Keep up the great work … but throttle back just a little yet, please do not lose the enthusiasm!
The following from our vendor late last week!
Welcome to Tax Season
We mail 1099 forms in three waves, based on the types of investments involved. This allows us to provide information to clients as quickly as possible.
First wave – mailed by Early February*
Second wave – to be mailed in mid-February*
Third wave – to be mailed Late February*
And Do not forget possible “Corrected” 1099 MISC which may come even later!
Ya, ya… you know that last line was me… just a gentle reminder!
1099 R – The distribution of Qualified funds is an easy calculation as whatever is taken is reported along with any taxes… Easy!
1099 MISC – Not so easy! Each asset has its own reporting and is consolidated into one big massive report! One mistake/restatement “Corrected!” One year we had near 100 corrected tax statements! Core investment had a problem… not likely today, but possible!
Keep up the great Tax Enthusiasm! We will keep you posted here!
John A. Kvale CFA, CFP
AI Content Authenticity: AI created the Early Tax Bird image. All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
