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| JanZtaxNOSPAM wrote: - quote - > A colleague tells me that in a normal year, 5-8% of
First one from Merrill Lynch today. Only differed by 16.50> brokerage house 1099s are corrected (i.e. taxpayers receive > corrected 1099 forms). She says that for 2003, she's been > told by a financial analyst, it will be more like 80%. They > should be starting to arrive any day now. So here's my > question: > Somewhere in the back of my mind I'm remembering something > about "the last return received before April 15 is > considered the final return for that person". Could that be > right? If not, many of the returns I've prepared will need > to be amended, not just re-run (thanks to mandatory > electronic filing, everyone is filing right away). > Is anyone else thinking about how they're going to handle this? in non taxable dividends, and this is a huge account. REturn not printed out yet so easy to make the change. And this return *Ed!* will be filed in paper format, since I'm not about to type all those trades. lol For the rest, if any, "facts and circumstances.", case by case. Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| A colleague tells me that in a normal year, 5-8% of brokerage house 1099s are corrected (i.e. taxpayers receive corrected 1099 forms). She says that for 2003, she's been told by a financial analyst, it will be more like 80%. They should be starting to arrive any day now. So here's my question: Somewhere in the back of my mind I'm remembering something about "the last return received before April 15 is considered the final return for that person". Could that be right? If not, many of the returns I've prepared will need to be amended, not just re-run (thanks to mandatory electronic filing, everyone is filing right away). Is anyone else thinking about how they're going to handle this? Jan Zobel EA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 1099, corrected, forms, investment |
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