2012 Tax Forms

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  • February 20, 2013 at 5:29 pm #176236
    Anonymous
    Inactive

    Hey guys,

    Been awhile since I’ve been on here… does anyone know what the deal is with 2012 tax forms being mailed out late? I’ve already filed our taxes, and I got a form 1099 in the mail yesterday. It’s for some tech stock my husband bought a long time ago that I had forgotten about. He sold it last year at a loss. I thought all companies were required to mail 1099’s by 1/31. Was there an extension this year that I didn’t know about? Thanks for any insight!

Viewing 7 replies - 1 through 7 (of 7 total)
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  • February 20, 2013 at 6:18 pm #397847
    littlenumberrobot
    Member

    I work in tax… there was no extension, but I assume people can always be late. But as far as I know usually the 1099INT and other statements from investments don't usually show up until mid-feb. I don't know if they have their own deadline, just kind of rule of thumb for our clients to wait for them.

    CA CPA - All because of the journey listed below
    -----------------------------------------------------------------------
    FAR - 53('10), 8/25/12 79 PASSED!
    REG - 66('11), 69('12), 12/06/12 77 PASSED!!
    BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
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    (Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

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    February 20, 2013 at 7:59 pm #397848
    Anonymous
    Inactive

    Hmmmm…. I always thought 1/31 was the deadline but apparently not. Maybe that's just the W-2 deadline for employers. Bad news is I have to do our taxes again but the good news is we'll be getting more money back (if I recall the REG stuff correctly).

    Good luck on your last exam! You're almost there!!

    February 20, 2013 at 8:10 pm #397849
    Rukus
    Participant

    No, 1099B and 1099MISC don't have to be mailed until 2-15. This started last year now that brokers have to report cost basis. Also, if there is a 1099INT as part of the 1099B like on a broker's combined 1099 then I believe those are 2-15, as well.

    FAR - 81 (8/31/12)
    AUD - 93 (10/19/12)
    BEC - 79 (11/27/12)
    REG - 92 (2/8/13) DONE! All 1st attempt!

    February 20, 2013 at 10:26 pm #397850
    Anonymous
    Inactive

    Ok, that's great to know. Thanks for the info, Rukus! And thank you, too littlenumberrobot!

    February 21, 2013 at 4:50 am #397851
    Gerg, CPA
    Participant

    it's 1/31 for most 1099s (interest/dividends/misc, unless included as a consolidated 1099) and then alot of the brokerage houses have til 2/15. they're given an extension due to the new (since last year) reporting requirements for realized gain/loss transactions. and then i know that some of them are given further extensions. i'm waiting on a ton of brokerage 1099s for a client from jp morgan, and their advisor said they were given until the end of the month.

    FAR - 1/26/2012 - PASSED (78, but Lost credit), re-do 11/27/2013 - PASSED (87)!
    AUD - EPIC FAIL, 71, 69; 68; 5/25/2013 - PASSED (85)!
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    Licensed CPA!

    Used Becker self-study materials (just this for FAR original & REG #1), WileyTestBank, NINJA notes/audio, and Roger cram course for AUD #5, REG #3 & FAR reboot. CPA!

    February 21, 2013 at 3:09 pm #397852
    littlenumberrobot
    Member

    @apbandj Thank you… I'm praying to be done with these things Saturday!

    CA CPA - All because of the journey listed below
    -----------------------------------------------------------------------
    FAR - 53('10), 8/25/12 79 PASSED!
    REG - 66('11), 69('12), 12/06/12 77 PASSED!!
    BEC - 58('10), 74('12), 01/05/13 77 PASSED!!!
    AUD - 43('11), 66('12), 69('13), 74('13) 7/29/13 85 PASSED!!!!!

    (Combinations of Roger, Yaeger, Wiley Book, Wiley TB, & NINJA Notes)

    Ethics 90%

    February 22, 2013 at 8:28 pm #397853
    Anonymous
    Inactive

    Thanks a lot, gsnyder!! I was kind of hoping I had a reason to report Morgan Stanley to the IRS for non-compliance. They assisted my husband in losing $2,600 on a stock deal. At least I know that rule now for future reference. Good luck on BEC!

    And good luck to everyone waiting on scores! I can't believe I'm saying this but I secretly miss the excitement of score release 🙂

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