Tax Documents

It is 2021 and we all know what that means… tax time!  So we wanted to take the opportunity to detail 2020’s tax documents and their disbursement dates.

- 1099-R

The first and likely most common tax document you will get from us is going to be the 1099-R.

  • The 1099-R reports distributions from annuities, profit-sharing plans, retirement plans, individual retirement accounts (IRAs), insurance contracts and/or pensions.
  • The IRS requires that this form is mailed by January 31st each year.

- 5498

  • Contains information about IRA contributions, rollovers, Roth IRA conversions and required minimum distributions (RMDs).
  • Doesn’t contain distribution information.
  • The IRS requires that this form is mailed by May 31st

- 1099 (from non-retirement accounts)

National Financial Services often sends this as a Consolidated 1099 comprised of the 1099-DIV, 1099-INT and 1099-MISC.

  • 1099-DIV - If you own a stock or mutual fund that pays dividends, you should receive this form.
  • 1099-INT - You should receive this form if you have a checking, savings or other bank account that earns interest.
  • 1099-MISC - You should receive this form if you worked for someone as an independent contractor. If you’re self-employed and have several clients, you should receive a 1099-MISC from each client who paid you $600 or more.
  • The IRS requires these forms are mailed by February 15th each year unless an exception is granted, at which point the deadline moves to March 15th.

National Financial Services (NFS) mails these documents out in batches.  The schedule for the 2020 documents is as follows:

Batch 1 – January 23rd

Batch 2 – February 13th

Batch 3 – February 27th

Batch 4 – March 5th

- Schedule K-1

  • K-1s are used to report your share of the partnership's income, deductions and credits.
    • Most of you won’t get a K-1 unless you are invested in a Master Limited Partnership.
  • The IRS requires these forms are mailed by March 15th each year.


Keep in mind that if you have online account access through Investor360 you can view and print your tax documents as soon as they are available instead of waiting for them to be mailed to you.  If you already have online account access you can opt into e-delivery of your statements, confirms and tax documents.  By doing so you will be alerted that you have a tax document as soon as it’s available.  If you have questions about how to do this or want us to help walk you through don’t hesitate to reach out.