Today is the day in which all W2s and 1099s are to be completed and mailed to their intended recipient…except for 1099-Bs, the statements you receive from your broker or mutual fund company reporting your interest, dividends, and stock sales. Last year the law was changed to allow brokers until February 15th to mail 1099-Bs. Hopefully this will prove to be a good change. In the past 1099-Bs were mailed by January 31st but then around the end of February or the first of March many of you would receive an amended form. The intent of the law is to reduce the frequency of amended 1099-Bs.
Now it’s off to the races. Ready, set, prepare them tax returns.
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