I have never been one to get my tax return done early. Probably because I am one of those people who pay the minimum I have to during the year and then write an unpleasant check to the IRS on April 14. However, a number of clients who are already prepping tax returns have asked us where their 1099s for last year are. Well this year they might be coming a bit later.
According to Fidelity Investments web statement – they send out all 1099 ‘s by 2/15 unless there is an issue with dividends/distribution. Then Fidelity has until 3/15 as the IRS makes dividend determinations. This allows Fidelity to cut down on sending out corrected 1099s. IRS changed 1099 deadline two years back due to the large amount of corrected 1099s. So now a lot of 1099s go out in Feb and March.
You should contact your own investment provider’s website or call your adviser if you are hoping to use this long (and in the Northeast unpleasantly cold weekend) to pay the man.