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Financial Planning / Tax Strategies


Subject:  Re: 1099s from brokerages and the newest tax law Date:  2/6/2013  7:43 AM
Author:  JeanDavid Number:  117649 of 123001

I thought all financial institutions were required to have all their 1099 forms in the mail by January 31 every year.

I had a life insurance policy in a mutual life insurance company. They typically send out a dividend each year if their claims experience is better than expected. I do not know if they got an exemption every year or not, but often I did not get a 1099-Div or 1099-Int from them until early April. Once I did not get one until after April 15. The amount of the dividend was small (policy was only for $10,000). I sometimes forgot about it and filed my tax retur