Important Information for Tax Season 2015

As you prepare for the 2015 tax season, please consider this important information. We want to ensure that your tax preparation goes as smoothly as possible. To assist you, listed below is the Raymond James Tax Year 2015 schedule for mailing tax documents. Raymond James will mail tax year 2015 Forms 1099-R and 5498 on or before February 2 and the Composite Statement of 1099 Forms that are considered complete on or before February 15 in accordance with the IRS mailing deadlines. You will also find links for some services that can help make your filing easier.


Tax Year 2015 Resources

A Guide to your 2015 Consolidated Tax Statement click here for more information

2015 Retirement Required Minimum Distribution Brochure click here for additional Information

TaxACT users click here for additional information

TurboTax users click here for additional information

H&R Block users click here for additional information

Export Form 1099 Tax Data to Excel click here for additional information


Tax Year 2015 Mailing Dates

January 31 – Raymond James mails Year-End Tax Packages for retirement accounts (1099-Rs and 5498s) and Raymond James Bank 1099s.

February 15 – Raymond James begins mailing Original 1099 statements to account holders.

February 28 – Raymond James begins mailing amended 1099s and Original 1099s delayed due to specific holdings and/or income reallocation.

March 15 – Raymond James mails remaining original Composite Statement of 1099 Forms , Form 1042-S and Royalty Trust Tax packets.

March 31 – Raymond James mails Form 2439 statements.

Online Delivery

Beginning with tax year 2015, as an added convenience, you can choose to receive your tax documents electronically. To go paperless, enroll or log in to Investor Access, our secure system for accessing your account information online.

With electronic delivery, you’ll have 24/7 access to your client documents as soon as they become available. Not only will you be able to view your documents sooner, but also, your documents are archived together in one secure location so they are easy to find when you need them.

Tax documents available electronically include the IRS Composite Form (1099-B, -DIV, -INT, -MISC, -OID) and IRS Forms 1099-R and 5498.

Income Reallocation

To capture correct data on original Composite Statement of 1099 forms and minimize the number of amended forms you receive, we will extend the mailing date of original 1099s until March 15 for clients who hold particular types of investments, specifically those that are tax reporting pass-through vehicles.

Securities that traditionally have late reporting and/or income reallocation (a practice in which companies adjust the tax characterization of income paid during a tax-reporting period) include:
•Regulated investment companies (mutual funds)
•Real estate investment trusts (REITs)
•Widely held fixed investment trusts (WHFITs) such as unit investment, grantor and royalty trusts
•Holding company depository receipts (HOLDRs)

Consult with your tax advisor to discuss the possibility of filing an extension with the IRS to obtain additional time to file your tax forms, particularly if you hold securities subject to income reallocation.

Delayed Composite Statement of 1099 Forms

In the interest of providing you with the most accurate and-up to-date tax information, Raymond James will delay a Composite Statement of 1099 Forms (1099-B, DIV, INT, MISC, and OID) that we know has is pending information from the issuers and will cause an amended form.

Reasons we delay:
•Income reallocation related to mutual funds, real estate investment, unit investment, grantor and royalty trusts; as well as holding company depositary receipts
•Processing of Original Issue Discount and Mortgage Backed bonds
•Expected cost basis adjustments including but not limited to accounts holding fixed income securities and options.

Amended Tax Forms

Even after delaying statements, issues such as late reporting and further income reallocation can still occur.

The IRS requires us to produce an amended tax statement if notice of such adjustments is received after the original tax form has been produced. There is no cutoff or deadline for amended tax forms.

The following may result in an amended Form 1099:
•Late income reallocation
•Corrections to cost basis (due to the Economic Stabilization Act of 2008)
•Changes made by mutual fund companies related to foreign withholding
•Tax-exempt payments subject to alternative minimum tax
•Any portion of distributions derived from U.S. Treasury obligations

If you receive a corrected tax form after you have already filed your tax return, you should consult with your tax advisor about the requirements to refile based on your individual tax circumstances.


K-1 Information

Through the years, I’ve utilized limited partnerships in investment portfolios. These investments generate a schedule K-1. The Schedule K-1 is a tax document issued for an investment in partnership interests. The purpose of the Schedule K-1 is to report your share of the partnership’s income, deductions and credits. It is issued around the same time as Form 1099 and serves a similar purpose for tax reporting.

Widely held Limited Partnerships within my branch:

Limited Partnership Ticker Expected Date Online Tax Package Support Phone Number Tax Package Support Fax Number Tax Web Site
Energy Transfer Partners LP ETP 3/16/2016 (800) 792-7904 (866) 554-3842 https://www.taxpackagesupport.com/etp
Enterprise Products Partners L.P. EPD 2/23/2016 (800) 599-9985 (866) 554-3842 https://www.taxpackagesupport.com/enterprise
LINN Energy, LLC LINE Mid-March (800) 203-5179 (866) 554-3842 https://www.taxpackagesupport.com/linnenergy
Magellan Midstream Partners, L.P. MMP 2/24/2016 (800) 230-1032 (866) 554-3842 https://www.taxpackagesupport.com/mmp
NuStar Energy, LP (NS) NS 2/18/2016 (800) 310-6595 (866) 554-3842 https://www.taxpackagesupport.com/nustarlp
ONEOK Partners, L.P. OKS 3/1/2016 (800) 371-2188 (866) 554-3842 https://www.taxpackagesupport.com/oneok
Plains All American Pipeline, L.P. PAA 2/26/2016 (866) 872-2829 (866) 554-3842 https://www.taxpackagesupport.com/plainsallamerican
Suburban Propane Partners, L.P. SPH 2/17/2016 (888) 878-0708 (973) 503-9297 https://www.taxpackagesupport.com/suburban
Teekay LNG Partners, LP TOO 3/15/2016 (866) 867-4071 (866) 554-3842 https://www.taxpackagesupport.com/teekay
Williams Partners L.P. WPZ 3/1/2016 (866) 867-4074 (866) 554-3842 https://www.taxpackagesupport.com/williams

For a larger list, please visit http://www.k1support.com/

Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. While we are familiar with the tax provisions of the issues presented herein, we are not qualified to render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.
Raymond James and its affiliates do not provide legal, estate planning or tax advice, and nothing in this communication should be construed as legal, estate planning or tax advice. You should consult with and rely solely on the advice of your own legal, estate planning and tax advisors prior to taking any action with respect to any matter addressed in this communication. The websites listed are being provided for information purposes only. Raymond James is not affiliated with and does not endorse, authorize or sponsor the following website or its respective sponsors. Raymond James is not responsible for the content of the website or the collection or use of information regarding the website’s users and/or members.