Tax Information & Forms

Client Tax Resources, Updated for the Current Tax Year


2023 Tax Forms Mailing Schedule and Information

 MAILING DEADLINEMAILING TYPE DESCRIPTION OF CONTENTS 
January 31Forms 1099-R and 1099-QDistributions from your IRA, Qualified Plan or Education Savings Account
February 15Form 1099 ConsolidatedIncludes 1099-INT, 1099-DIV, 1099-B, 1099-MISC, AND 1099-OID (other than CMO/REMIC)
N/A, Expected online February 15
Preliminary Tax Statements (Not an official tax statement)Includes all 1099 Consolidated information with an additional page containing holdings that have not yet finalized their taxability by February
March 15Form 1099-OID (REMIC)/WHFIT Statement for Mortgage SecuritiesOID and Interest Accruals from CMOs/REMICs. Income and Expenses Resulting from Pooled Mortgage Securities.
March 151042-SForeign Person's U.S. Source Income Subject to Withholding
March 15Schedule K-1Master Limited Partnership (MLP) Income, which will be mailed directly from the General Partner (Not provided by Janney)
April 30Form 5498-ESAReports contributions (including rollover contributions) to Coverdell ESAs
May 31Form 5498Reports contributions (including rollover contributions) to any individual retirement arrangement (IRA), including a SEP, SIMPLE, and Roth IRA; Roth conversions; IRA re-characterizations; and the fair market value (FMV) of the account.

If the mailing deadline falls on a weekend or holiday, the IRS generally extends the regulatory date to the immediate business day following.

Janney Montgomery Scott LLC, its affiliates, and its employees are not in the business of providing tax, regulatory, accounting, or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

 

Visit the Online Tax Planning Guide Here

Tax Resources: Download Janney Tax Info Sheets & Users Guides

 

Preliminary Tax Statements for 1099 Consolidated Forms

To assist account holders who receive late tax information from issuers, Janney implemented a Preliminary Tax Form.

Types of securities that traditionally report late or reallocate their income often include:

  • Certain Mutual Funds and Unit Investment Trusts (UITs)
  • Real Estate Investment Trusts (REITs)
  • Widely Held Fixed Investment Trusts (WHFITs)
  • Collateralized Mortgage Obligations (CMOs) and Real Estate Mortgage Investment Conduits (REMICs)

If your account holds securities that haven’t finalized their taxability by the time 1099 Consolidated Forms are produced, you’ll be able to access a preliminary copy of your 1099 form online around mid-February through Online Access, Janney’s secure account portal.

 

Find holdings that do not yet have finalized tax information

This Preliminary Tax Statement includes a page which denotes your account holdings without finalized taxability.  Summary and detail pages of the Preliminary Statement are watermarked to ensure account holders are aware they are still waiting on final tax information. The Preliminary Statement should not be used to file tax returns. Account holders who have a Preliminary Statement produced for the 2021 Tax Year will continue to receive their official 1099-Consolidated Form in early March.

 

Sign up for Online Access to view forms electronically

The Preliminary Tax Statement is only available electronically through Janney’s secure Online Access client portal. Simply log in or sign up for Online Access and elect to receive your Tax Forms electronically. If you don’t have Online Access, you’ll receive a letter by mail, letting you know that a Preliminary Tax Statement is available for your account and will direct you to sign up for Online Access if you wish to view the form. 

Janney Montgomery Scott LLC, its affiliates, and its employees are not in the business of providing tax, regulatory, accounting, or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

Digital Access to Tax forms via Janney Online Access

Tax forms are available online for clients using Janney Online Access. To access your tax forms online, simply log in and click “Statements & Docs” on the top of the landing page, then click “Tax Forms.” You will then be able to review any Janney tax forms available and download them.

Please contact your Financial Advisor or local branch for additional information.

Each taxpayer’s situation is different and tax-related information provided herein is general in nature. Clients should consult with a professional tax advisor with questions specific to their personal tax situation.

For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on www.janney.com/crs which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

To learn about the professional background, business practices, and conduct of FINRA member firms or their financial professionals, visit FINRA’s BrokerCheck website: http://brokercheck.finra.org/

;