Monday, January 22, 2018

1099's and W-2's

The season of 1099's and W-2's is now here for 2017. You are supposed to receive them by 1/31/2018. In the next two weeks you will be receiving many 1099's and W-2's relating to interest and dividend income, social security income, wage income, other income, mortgage interest, college tuition payments, pension and IRA distributions, etc. Make sure you save all of these tax documents as they have been reported to the IRS and you will be subject to penalties if you don't report the same amounts on your return. Give these documents to me for your 2017 tax return. I make a computer copy for your file in case you get a notice from the IRS in the future regarding your tax return.

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