If you are an investor, do not rush to get your taxes done just yet there still may a 1099 coming in the mail.
A law passed late last year permanently changed from Jan. 31 to Feb. 15 the deadline for brokers and brokerage firms to furnish Forms 1099-B to clients. The new deadline for brokers and mutual funds to mail the forms is February 15. The extension is necessary to give financial institutions more time to report dividends and stock sales more accurately.
Since Feb. 15 falls on Sunday this year , and Feb. 16 is a federal holiday. The 2009 deadline for the forms is Feb. 17, as a result. -Lou
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