Thoughts on Law and Life

The Official Blog of Astrab Legal Services LLC

Quick News Note: 1099 Delivery Change

FYI – The IRS has permitted brokerage firms to delay mailing 1099B forms until February 15th of this year (with an intervening weekend and holiday pushing that date to 2/17/09), an extension of two weeks from the traditional January 31st deadline. Technically this does not affect 1099DIV and 1099INT forms, but brokerage firms are permitted to consolidate that information with the 1099B, so they may also be lumped into the delay. So the bottom line is that you most likely won’t be receiving any investment-related 1099s until sometime in mid to late February if you use a brokerage.

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January 28, 2009 - Posted by | Financial, Legal, Life, small business | , , , ,

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