First 1099 showed up in today’s mail. I wonder how long it will take to get all of them.
If you are lucky only mid-March.
/sarcasm on/ (I didn’t say what year.) /sarcasm off/
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First 1099 showed up in today’s mail. I wonder how long it will take to get all of them.
Yea, and to think there used to be a requirement that they be mailed by the end of January. No longer. Now you are lucky if you don’t have to file an amended return due to these Jack Legs.
I go to all my, and my dad’s, accounts online and get the 1099’s there.
The only one I can’t get is his Social Security. That website is very clear that the only authorized user is the individual, not family, CPA, attorney, power of attorney, etc. So I just wait for that one to come in the mail.
Morgan Stanley, Fidelity, Vanguard, etc, have until mid-Feb to prepare 1099’s, but so far they’ve had them ready by Jan 31. I typically do my taxes over Presidents’ Day weekend.
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I think this is the only one I actually get in the mail, and if it didn’t show up I’d know what to report since it’s one of my pensions and it doesn’t change from year to year.
The only one I can’t get is his Social Security.
My husband’s SSA statement arrived yesterday. You shouldn’t have a long wait for it.
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Morgan Stanley, Fidelity, Vanguard, etc, have until mid-Feb to prepare 1099’s, but so far they’ve had them ready by Jan 31. I typically do my taxes over Presidents’ Day weekend.
It depends on your investments.
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First 1099 showed up in today’s mail. I wonder how long it will take to get all of them.
I haven’t seen any 2021 1099 forms this year. My 2021 1099-DIV forms from my banks and credit unions might arrive by 31 January 2021 but more likely during the first week of February. The SSA-1099 will arrive about the same time.
The earliest that I expect to see the various 1099 forms for my investment and IRA accounts is late February to the beginning of April. There always seems to be changes and corrections to the forms from the preliminary forms released in mid-February.
The earliest that I expect to see the various 1099 forms for my investment and IRA accounts is late February to the beginning of April. There always seems to be changes and corrections to the forms from the preliminary forms released in mid-February.
Yup. I learned the hard way to “prep, but don’t file” based on the first round of paperwork. I usually try to e-file on or around April 1 to balance the need to wait for paperwork corrections and the need to file promptly in case there’s some SNAFU like identity theft.
Even then, there are sometimes later corrections that come in. Occasionally, I get lucky and the corrections bring the paperwork in line with any manual adjustments I had made on my own. Other times, well, that’s what the amended return process is for, I guess.
The reason I prep early is to get a guide on where I need to set my paycheck withholdings to stay within the prior-year safe harbor. The earlier in the year I get that set, the less severe the adjustments tend to be.
Regards,
-Chuck
Home Fool
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Agree w/prep & wait, but identity theft for tax filing you can do something about today, like now…
Now any filer can get an IP (Identity Protection) PIN from the IRS thru this site:
https://www.irs.gov/identity-theft-fraud-scams/get-an-identi…
You used to have to had your identity compromised, but last year they opened it to everyone who wants one. Just setup an IRS account and then each year mid January (before they accept returns) its just clicking thru the screens, less than a minute or two. I just did it for 2022, good all year. I’ve used the system for three years.
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You used to have to had your identity compromised, but last year they opened it to everyone who wants one. Just setup an IRS account and then each year mid January (before they accept returns) its just clicking thru the screens, less than a minute or two. I just did it for 2022, good all year. I’ve used the system for three years.
I’m glad they made that change. Someone filed a false tax return in my name years ago. I had to go through all the steps in order to be able to file my returns. Each year the IRS sends me a PIN. When I was going through that mess, I was thinking how stupid it was that you had to be a victim in order to get a PIN.
PSU
Thanks kitsapkidd -
That is very valuable information I was not aware of before now. Thank you.
Regards,
-Chuck
Home Fool
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Thanks kitsappkid for the info on PIN. I have a couple of questions on the process of obtaing and using PIN for efiling return.
Do both spouses filing as MFJ need their own separate PINs and separate IRS accounts?
And will TurboTax require both spouses to have their own PINs?
Or is it enough to get an account and PIN for the first named individual on the return?
My spouse had to file a paper form to get an official IRS return transcript last year, because IRS online applications were not able to validate her mobile number. I suspect she may run into problems trying to register with IRS and get a PIN.
IRS IPPINs belong to the individual. A new IPPIN is issued each January for use on all returns filed that calendar year, regardless of what tax year is being filed. Each individual that has an IPPIN (including dependents) must include their IPPIN on all returns filed in the calendar year, but not every person listed on a return needs to have an IPPIN.
Failure to include an IPPIN when it exists will significantly delay processing of the return as it will be presumed to be fraudulent until proven otherwise. Some of the proofing can be done automatically by the IRS computers, but often it will take a manual review.
Ira
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