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Tax Information

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The information below will help Janney clients plan for the preparation of 2013 taxes.

Important Tax Form Information for Janney Clients: Tax Year 2013

Janney provides clients with a number of required tax forms and statements related to their account(s). The information provided below will assist you in planning for tax season and the preparation of your taxes.

The Internal Revenue Service (IRS) has changed the deadline for delivering most IRS Forms 1099 from January 31 to February 15 of each year.

Janney plans to mail Consolidated 1099 Tax Statements in February 2014. Please ensure that you have received the required tax forms for each account that may have taxable activity before beginning to complete your 2013 tax return for the IRS.

Certain accounts may require the issuance of an amended 1099 as revised information is received from the issuers. Janney will send any amended Forms 1099 to clients as revised information is received from the issuers. Janney typically mails amended Forms 1099 to clients between March 1 and April 2.

We encourage you to wait as long as possible before preparing your 2013 tax returns to ensure the 1099 received is the most current form. We recommend consulting with your professional tax advisor to understand how this may apply to your individual situation.

Please use the tax forms that Janney sends to you for the preparation of your income tax return(s), rather than the Income and Distribution totals on your December account statement.

To assist in planning for the preparation of your 2013 taxes, we have created a schedule of the forms and statements Janney will mail to you over the coming months, provided below. You will receive only those forms in the table that are appropriate for the type of activity in each of your accounts.  



* The IRS changed the deadline for delivering most IRS 1099 Forms from January 31 to February 15. When a deadline falls on a weekend, the mailing deadline is moved to the next business day. The mailing deadline for 2014 has been moved to February 18, 2014 due to President’s Day falling on February 17, 2014. As in the past, we expect to receive a 30-day extension from the IRS to March 20, 2014 based on this year’s February 18, 2014 deadline.

** When a deadline falls on a weekend, the mailing deadline is moved to the next business day. The mailing date for 2014 has been moved to March 17, 2014 due to March 15, 2014 falling on a weekend.

*** When a deadline falls on a weekend, the mailing deadline is moved to the next business day. The mailing date for 2014 has been moved to June 2, 2014 due to May 31, 2014 falling on a weekend.

IRS Circular 230 Disclosure: Janney Montgomery Scott LLC, its affiliates, and its employees are not in the business of providing tax, regulatory, accounting or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor. 

Should you have questions regarding the tax documents we provide, please contact your Financial Advisor. Tax preparation questions should be directed to your professional tax advisor. 

IRS Circular 230 Disclosure: Janney Montgomery Scott LLC, its affiliates, and its employees are not in the business of providing tax, regulatory, accounting or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.