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We suggest that you discuss your specific tax issues with a qualified tax advisor.  \nINTRODUCTION  \nTo ease some of the burden of tax season, we've created this guide that contains all the information you need to address your tax season questions. It will help you become familiar with important dates, deadlines, challenges, and opportunities that may arise during tax season.  \nOf course, if you have additional questions about anything included in this guide, we’re just a phone call away.  \nWe look forward to working with you this tax season!  \nCONTENTS  \n\n| TAX SEASON AT-A-GLANCE |  |\n| --- | --- |\n|  |  |\n| Weekly Tax Form Mailing\u003Cbr>Tax Season Essentials |  |\n| LPL Financial 2024 Mailing Schedule for 2023 Tax Information |  |\n| TAX SEASON 2023 |  |\n| Income Reclassification\u003Cbr>Corrected Forms\u003Cbr>All Mortgage-Backed Income Reporting (AMBIR) Information Filing Extensions |  |\n| FREQUENTLY ASKED QUESTIONS |  |\n| Preliminary Tax Statement\u003Cbr>Tax Season |  |\n| Required Minimum Distributions |  |\n|  |  |\n| Helpful Information and Tables |  |\n\nTAX SEASON AT-A-GLANCE  \nWeekly 1099 Consolidated Tax Statement Mailing  \n1099 Consolidated Tax Statements are mailed weekly in order to meet all IRS deadlines, reduce errors, and reduce the need to mail corrected versions. Keep this chart handy to see when your final forms for tax year 2023 will be ready.  \n\n| Form Name | Mailing Dates | What’s Reported |\n| --- | --- | --- |\n| Consolidated 1099 Tax Statement | January 19 & 26\u003Cbr>Accounts with the simplest tax information and not subject to income reclassification\u003Cbr>February 2, 9, 16 & 23\u003Cbr>Accounts holding more complex securities, for which issuers provided final tax information after January 28\u003Cbr>March 1, 8 & 15\u003Cbr>Accounts where security issuers did not furnish tax information to LPL Financial in time for the anticipated February mailing deadline | All reportable income and transactions for the year. Depending on your account activity, your 1099 may include: Form 1099-B, Form 1099-DIV, Form 1099-INT, Form 1099-MISC, and Form 1099-OID |\n| Form 1099-R/Q | January 19 | Distributions from qualified retirement plans (for example, individual 401[k], profit-sharing, and money-purchase plans), or any IRAs or IRArecharacterizations |\n| Preliminary 1099 Consolidated Tax Statement | February 16 | An advanced draft copy of your 1099-Consolidated tax forms. Includes accounts that won’t receive a final 1099 Consolidated Tax Statement until all income data is finalized |\n| Form 5498 IRA | February 23 & May 24 | Contributions (including rollover contributions) to any IRA |\n| IRS Tax Filing or Extension Request Deadline | April 15 | The filing deadline to submit 2023 tax returns or an extension to file and pay tax owed for most taxpayers |\n| Schedule K- 1/Form 1065 Partner's Share of Income, Deductions, Credits, etc. | LPL Financial does not provide this form | Distributions from partnership securities. your partnership administrator should mail your K-1 by April 15. Please note:\u003Cbr>While the K-1 form itself accounts for distributions or other items being passed through to the partners, proceeds from the sale of partnership units are reported on the 1099-B section of your consolidated 1099 |\n\nTAX SEASON AT-A-GLANCE  \n\n| 2024 Tax Statement Correction Mailing Schedule (For 2023 tax Year) |  |\n| --- | --- |\n| Week Of | Correction Run Cycle |\n| 3/ 1/2024 | 1st correction cycle |\n| 3/9/2024 | 2nd correction cycle |\n| 3/15/2024 | 3rd correction cycle |\n| 3/22/2024 | 4th correction cycle |\n| 3/29/2024 | 5th correction cycle |\n| 4/5/2024 | 6th correction cycle |\n| 7/ 12/2024 | 7th correction cycle |\n| 10/4/2024 | 8th correction cycle |\n\nCorrected Forms  \nEven with our weekly mailing schedule, further delayed reporting and reclassification can sometimes occur, resulting in cl","cbCaiaspvXpXZKk8","https://ap.wps.com/l/cbCaiaspvXpXZKk8","pdf",492535,"English","# Tax Season at-a-Glance\n## Weekly 1099 Consolidated Tax Statement Mailing\n## 2024 Tax Statement Correction Mailing Schedule\n# Tax Season 2023\n## Income Reclassification\n## Corrected Forms","[{\"question\":\"What is the purpose of weekly mailing for 1099 consolidated tax statements?\",\"answer\":\"The guide states that weekly mailing helps meet IRS deadlines, reduce errors, and reduce the need to mail corrected versions.\"},{\"question\":\"When does income reclassification typically occur?\",\"answer\":\"Income reclassification takes place after the end of the tax year, during the first quarter, when security issuers announce reclassification for the previous tax year.\"},{\"question\":\"How can income reclassification affect my tax statements?\",\"answer\":\"Income reclassification changes the tax characterization of distributions and is reported to clients through Form 1099 after finalization, as required by the IRS.\"}]","2023/2024 Tax Season Guide - Investor Edition | PDF",6]