CRF Home

Offering individualized financial
& investment planning services

(781)404-7009    (978)206-2375

JANUARY 2024 Newsletter: Important Information for the 2023-24 Tax Season

January 12, 2024

Tax season is approaching and being prepared is the best way to make this tax season your easiest yet. Our comprehensive 2023-24 Tax Season Guide contains all the information you may need to easily address tax issues and questions that you might face. It will assist you in becoming familiar with important dates, deadlines, challenges, and opportunities that may arise during tax season.

We have summarized some important points below:

* Most Form 1099s should be mailed by January 26, 2024.  As your statements are mailed they will also be accessible electronically through your Account View profile by clicking the "Documents" tab and then "Tax Forms".

In the rare instance of a more complicated tax situation and you do not receive your 1099 consolidated statement by early February, your statement will be mailed between February 23 and March 15, 2024. In the interim, a Preliminary 1099-Consolidated Tax Statement will be available to you by February 16, 2024 through Account View. This preliminary 1099 should not be considered final and should not be used for the purpose of filing a tax return with the IRS or with any state or other regulatory agency.

Form 5498 IRA (IRA contributions) will be mailed by May 24, 2024. This form includes all contributions for the previous tax year, as well as those made through April 15th of the current year. This tax form is for informational purposes only, and is not to be sent to the IRS along with your tax return. Please consult your tax professional.

Tax preparation software

If you use TurboTax or H&R Block, you'll be able to import the information shown on your original or corrected 1099 tax information statement directly into the software. To upload your tax data into the software, you'll need your full 8-digit LPL account and 11-digit Document ID listed on your tax statement. Forms will be available for download in Account View once your tax statement is available. We recommend you wait to download your tax statements until you have received all of these tax statements in the mail. Please refer to our 2023-24 Turbo Tax and H&R Block Guide for detailed assistance.

This information, as well as access to the 2023-24 Tax Season Guide can always be found in the "Tax Season 2023-24" section of our website FAQ page. Should you have any further questions, please feel welcome to reach out to our office.


For more information on IRS tax filing or extension deadlines, see IRS.gov.

This information is not intended to be a substitute for specific individualized tax advice. We recommend discussing your specific tax situations with a qualified tax advisor.