Delayed 1099 Form

You are probably anxious to receive your Form 1099, which will be mailed no later than March 15.  Tax forms sent by mail will be mailed 5–7 days after they have been posted online.  Clients can receive immediate e-mail notifications as soon as tax forms are available by signing up for e-delivery on Investor360°®. 

In an effort to limit the number of corrected forms typically mailed each year, the IRS has granted an extension for the initial mailing of these tax documents. As a result, National Financial Services (NFS) has until March 15 to mail your form. We apologize for the delay, but do want to point out two important advantages:

Your Form 1099 will reflect the most up-to-date and accurate accounting of your investment income for tax filing purposes. It is not uncommon for some ordinary dividends to be reclassified as capital gains or qualified dividends at a later date. Sending the Form 1099 later may prevent some filers from having to refile because they receive a corrected Form 1099.

Your chance of receiving two 1099s—one original and a corrected one later on—will be reduced. This should help ensure that you will not have to refile your tax return.