Direct from Dennis - Blog - March 2025
It’s 2024 Tax Time!
Tax time can be a stressful for many people. Why? Here are several obvious reasons:
- Tax laws and regulations can be complicated, making it difficult to understand what you need to do.
- The pressure of meeting filing deadlines can add to the stress, especially if you’re not well prepared.
- Ensuring that all information is accurate to avoid penalties or audits can be daunting.
- Financial Impact. Concerns about owing money or not getting the expected refund can cause anxiety.
- Gathering all necessary documents and receipts can be time-consuming and overwhelming.
Although we are not tax advisors and cannot offer tax advice, we are here to help you from our side as much as possible.
Below are some important mailing dates:
- January 31 – Mailing of Form 1099-Q, retirement tax packages and Raymond James Bank year-end bank tax packets.
- February 15 – Mailing of original Form 1099’s
- February 28 – Begin mailing delayed and amended Form 1099s
- March 15 – Final mailing of any remaining delayed original Form 1099s
Please note that Raymond James does not receive advance notice as to when you will receive tax documents or if you will be receiving amended tax documents.
The IRS allows investment firms to extend the mailing date until March 15, for clients who hold particular investments or who have had specific taxable events occur. And please be aware that adjustments to your delayed Form 1099 are still possible.
Once available, you can access your tax forms electronically through Raymond James Client Access. Simply log into your account, choose My Account, and select Documents, and then select Tax Reporting. If you do not have Client Access, or need additional help, we welcome your call.
And to help make it easier for you, Raymond James in conjunction with our tax vendor, offers the ability to download 1099 information into an Excel spreadsheet format. This provides the ability to send tax reporting information to tax professional or upload directly into tax preparation software such as H&R Block, TaxACT and Turbo Tax.
Briggs Wealth Management is here to help alleviate some of the stress associated with tax time. We welcome your call at any time!
