(January 18, 2016) People turn their eyes toward gathering the necessary information for their taxes as they enter the New Year. Many of the forms or documents begin to arrive in February, so keep your eyes on your mailbox or inbox. Sunrise Advisors will also receive copies of our clients’ tax documents (related to the investment accounts we manage) and can provide them to you or your accountant once they are available. Tax day for the 2015 tax year is April 18, 2016 (not the usual April 15th deadline).
For a run down of the “due dates” in which various documents are scheduled to be delivered to the taxpayer, please see the chart below. Specifically, the custodians we use (Schwab, Fidelity, TD Ameritrade) will provide 1099s in mid-February.
For information, phaseouts, and limits related to retirement plan contributions, please see the chart below:
If you need to make a contribution to your retirement account for the 2015 tax year or if you have any questions regarding your tax documents, please contact us.