2014 Tax Season Update – RJ 1099 Mailing Schedule

Marilyn Brohm |
  • February 17 - Mailing of original Form 1099s
  • March 2 - Begin mailing delayed and amended Form 1099s
  • March 16 - Final mailing of any remaining delayed original Form 1099s

Note: We will notify Raymond James clients who will receive delayed 1099s in mid-February.

Please note the exceptions immediately below:

Delayed Form 1099s

In an effort to capture delayed data on original Form 1099s, the IRS allows us to extend the mailing date until March 16, 2014, for clients who hold particular investments or who have had specific taxable events occur.

Amended Form 1099s

Even after delaying your Form 1099, please be aware that adjustments to your Form 1099 are still possible. Raymond James is required by the IRS to produce an amended Form 1099 if notice of such an adjustment is received after the original Form 1099 has been produced. There is no cutoff or deadline for amended Form 1099 statements.

What can you do?

We will notify Raymond James’ clients who will receive delayed 1099s in mid-February. If yours is delayed, your 1099 will be mailed between March 2 and March 16, and you might consider talking to your tax advisor about whether it makes sense to file an extension with the IRS to give you additional time to file your tax return. We apologize in advance for this inconvenience. We know some of our clients have experienced delayed 1099s over the years, but unfortunately there is little we can do.

If you receive an amended Form 1099 after you have already filed your tax return, you should consult with your tax advisor about the requirements to re-file based on your individual tax circumstances. Additional information can be found at http://www.raymondjames.com/taxreporting.htm.

Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.