Monday, February 05, 2007

Looking for that 1099? Some 1099 Forms Will Arrive Late

At least five major brokerage houses, Morgan Stanley, Merrill Lynch, Wachovia Securities, Edward Jones and Raymond James, are delaying the mailing out at least some 1099 forms. They have received a month long extension from the IRS, and hope the extra time will avoid errors created by recent tax law changes. Two other brokerage houses, Fidelity and A.G. Edwards, plan to mail the forms out on time, but warn that some will need corrections. For more information visit USAtoday.com.