I had read somewhere that due to some last-minute IRS changes, some 1099s may be delayed.

I've received a 1099-DIV from Transamerica for my mutual fund account every year since I opened it in the late 90s....even when there were no reportable dividends to declare.

This year...nothing.

I was going to wait until mid-Feb to call them just in case they were caught up in the delays but I was wondering if anyone else was waiting for one.

We pay as little tax as possible out of paychecks and track everything in a spreadsheet to pay quarterly estimated taxes. Right now, TT says I need to write a $48 check which is the closest I've ever been to $0. Trying to keep it that way.

I have received some 1099-Rs, but Schwab is telling me for other 1099s they're estimating they'll be ready by 2/16. Not sure why the delay, doesn't seem it's been this way in year's past but I could be misremembering.

txaggie_08 said:

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I have received some 1099-Rs, but Schwab is telling me for other 1099s they're estimating they'll be ready by 2/16. Not sure why the delay, doesn't seem it's been this way in year's past but I could be misremembering.

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I don't have the whole story, and this is for standard 1099s, but I know of a few employers that found out they had to request new credentials with the IRS in order to report the 1099 info to them and there was something like a 45 day waiting period to get them. Compounding the matter was the credential had to be tied to a person and if that person already had their own personal account with the IRS, it would be kicked out because you can't have 2 accounts tied to the same SSN.

I may not have the exact details right, but I know this was causing small school districts in TX to scramble in December.

one safe place said:

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Some years ago, the deadline for 1099 filing by payers to recipients was changed from January 31 to February 15 for certain forms. One of those is Form 1099-B. But it also applies to consolidated reporting statements such as you get from a broker and that contains 1099-B, 1099-DIV, and 1099-INT information all in one statement.

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THIS

lunchbox said:

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txaggie_08 said:

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I have received some 1099-Rs, but Schwab is telling me for other 1099s they're estimating they'll be ready by 2/16. Not sure why the delay, doesn't seem it's been this way in year's past but I could be misremembering.

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I don't have the whole story, and this is for standard 1099s, but I know of a few employers that found out they had to request new credentials with the IRS in order to report the 1099 info to them and there was something like a 45 day waiting period to get them. Compounding the matter was the credential had to be tied to a person and if that person already had their own personal account with the IRS, it would be kicked out because you can't have 2 accounts tied to the same SSN.

I may not have the exact details right, but I know this was causing small school districts in TX to scramble in December.

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This is referring to the new requirement to EFile if you report more than 10 form 1099s. The Efile process with the IRS (IRIS System) for these is a hot mess and many did not realize they had to sign up for the credentials until it was too late.

but the IRS did not change the 1/31 deadlines for 1099NEC, so doubt they do it for any of the other 1099 forms with 2/15 deadlines.