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Important Tax "Stuff"

Updated: Jun 16, 2022

For this weekend reading, we are going ultra-important, albeit knowingly ultra-boring.

Dear clients and friends,

For this weekend reading, we are going ultra-important, albeit knowingly ultra-boring.

First, I want to remind our family of clientele that our website is fully compatible with both Turbo Tax and HR Block’s tax software.  For those of you using such software, please do indeed use our download feature because the likelihood of making a typo, or any other simple human error, is reduced dramatically.

In the Statements & Documents> Tax Reporting area of Investor360, click on "View Tax Resources" to see how this download feature works

Next, I’d like to mention two things about your 1099’s.  First, we strongly recommend that clients do not file their taxes until April 1st.  Certainly go ahead and prepare your return, but not a single year in the last 10 years has gone by without the need to send an amended 1099 to at least a few clients.  If one mutual fund indicates to us that they need to make a correction, then every client who owns that fund will receive a corrected 1099.  As many of you know, we are completely at the whim of mutual fund companies, index providers, and agents of individual stocks you may own in regards to tax documents.  For example, we received notice two days ago that 18 families we work with will require an amended 1099. Those 1099s, by the way, will be available by March 10th with plenty of time to spare.  Nonetheless, we want to discourage clients and their accountants from pushing the “go button” until we have an elevated level of certainty that we will not need to amend any further 1099s; hence our suggestion to file on April 1st.

Secondly, take note that on March 13th we will be sending all applicable tax-related documents to the accountants of all clients who have given us permission to do so.  Why March 13th?  Because we already know that we will receive corrections by Friday, March 10th.

If you would like us to send tax documents to your accountant but have not given us permission to do so, please contact Amy or Kirsten and they will send you the necessary form for the release of your information.

That’s it folks. This is likely to be the shortest weekend reading of the year.  Have a lovely weekend of wonderful weather, and call in with any questions you may have.


Matthew Ramer, AIF® Principal, Financial Advisor MOR Wealth Management, LLC

1801 Market Street, Suite 2435 Philadelphia, PA 19103 P: 267.930-8301 | c: 215-694-4784 | f: 267.284.4847 |

601 21st Street, Suite 300 Vero Beach, FL 32960 P: 772-453-2810

The majority of this content was written and distributed MOR Wealth Management, all rights reserved. Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a registered investment adviser. Fixed insurance products and services offered through CES Insurance Agency.


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