As you prepare for tax season, here is some information that you may find beneficial. This information is to assist you in retrieving your documents easily and with frequently asked questions.

Online Documents?

You can access online tax documents by signing into Client Access. Please click the following link to review the video to learn how to access your tax documents in Client Access Click Here.

If you have elected to receive tax reporting documents electronically you will receive an email notification when the forms are available in Client Access. Please click the following link to review the video if you wish to change your electronic delivery of your tax reporting documents (from paper to online or online to paper) in Client Access Click Here.

Form 1099 Mailing Schedule/Availability for Download

  • January 31 – Mailing of Form 1099-Q, Retirement Tax Packages (1099-R/5498), & Raymond James Bank Tax Packages
  • February 15 – Mailing of original Form 1099s
  • February 28 – Begin mailing delayed and amended Form 1099s
  • March 15 – Final mailing of any remaining delayed original Form 1099s
  • March 15—K1’s: K-1 (Limited Partnership Income) will be distributed by and from the Limited Partnership (LP).

Please note that because Forms K-1 are processed and mailed by LPs directly, Raymond James cannot control mail dates, which may vary. Please note - LP's generally request a six month extension from the IRS which extends the mailing deadline past March 15.

As a reminder, if a Form 1099 is delayed from the first mailing, it will be sent in either of the Feb. 28 or March 15 mailings, depending on when Raymond James receives all necessary information from the securities issuers and determine the form is complete. All Form 1099s must be mailed by March 15 regardless of any pending adjustments or income reallocation per IRS regulations. Amended mailings will occur as needed.

Delayed Form 1099s

In an effort to capture delayed data on original Form 1099s, the IRS allows Raymond James to extend the mailing date until March 15th, for clients who hold particular investments or who have had specific taxable events occur.

Examples of delayed information include:

  • Income reallocation related to mutual funds, real estate investment, unit investment, grantor and royalty trusts, as well as holding company depositary receipts
  • Processing of Original Issue Discount and Mortgage-Backed bonds
  • Expected cost basis adjustments including, but not limited to, accounts holding certain types of fixed income securities and options.

If you do have a delayed Form 1099, a preliminary statement will be generated and can be viewed in Client Access for informational purposes only, as the form is subject to change.

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. The following are some examples of reasons for amended Form 1099s:

  • Income reallocation
  • Adjustments to cost basis (due to the Economic Stabilization Act of 2008)
  • Changes made by mutual fund companies related to foreign withholding
  • Tax-exempt payments subject to alternative minimum tax
  • Any portion of distributions derived from U.S. Treasury obligations.

What can you do?

You should consider talking to your tax professional about whether it makes sense to file an extension with the IRS to give you additional time to file your tax return, particularly if you held any of the aforementioned securities during 2022.

If you receive an amended Form 1099 after you have already filed your tax return, you should consult with your tax professional about the requirements to re-file based on your individual tax circumstances.

You can find additional information at Raymond James Client Resources. There is information on this link regarding tax programs H&R Block, TaxAct, TurboTax, etc. programs for tax preparation.

Raymond James or JMG Wealth will never ask for sensitive personal information such as a Social Security number, account numbers or a password in an email. To view our privacy policy, please visit: raymondjames.com/privacy_security.

Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value.

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