Important Information for the 2024-25 Tax Season

Tax season 2024-25 is approaching and being prepared is the best way to make this tax season your easiest yet. 

We have summarized some important points below:

• Most Form 1099s should be mailed by January 31, 2025.  As your statements are mailed they will also be accessible electronically through yourAccount Viewprofile by clicking the "Documents" in the top menu 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 bemailed between February 21 and March 7, 2025. In the interim, a Preliminary 1099-Consolidated Tax Statement will be available to you byFebruary 14, 2025throughAccount 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. Preliminary 1099s are not mailed.
  
  
• Form 5498 IRA (IRA contributions) will bemailed by May 23, 2025.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 inAccount 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 our2024-25 Turbo Tax and H&R Block Guide for detailed assistance.

This information can always be found in the"Tax Season 2024-25"section of ourwebsite 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, seeIRS.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.}