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1099 Tax Form

It’s Tax time.

Chesapeake Financial Advisors & Charles Schwab offer automatic downloads of your tax forms. Schwab changed the 2016 mailing dates for the 1099 Composite and Year-End Summary tax report. This change was implemented due to an increase in the number of mutual funds and ETFs that reclassify their income in late January and early February. The IRS requires Schwab to send out corrected 1099’s when updated information is received from fund companies. Schwab’s intention is to minimize the number of corrected 1099’s by pushing the date. If you have not yet received all of your tax documents from Schwab an additional Schwab mailing is being sent out by February 26, 2016. If you would like to download your Schwab tax documents, log onto Schwab Alliance under the Accounts tab/History & Statements/Statements & Reports/Tax Forms. Please contact our office if you have any questions or have trouble downloading your tax documents. We are here to help.

Tomy Taylor, CPA/PFS

Tom Taylor, CPA/PFS

Tom has over 25 years of experience in finance and accounting. Before founding Chesapeake Financial Advisors (CFA) in 1998, Tom started his career at the international accounting firm Ernst & Young as an auditor in the Financial Services Industry Group. He then joined Legg Mason as an Investment Banking Analyst. In this role, he acquired extensive transaction experience in common and preferred equity stock offerings, mergers and acquisitions and fairness opinions. This experience laid the foundation to branch out and form CFA.

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