As you prepare your documents for the 2025 tax season, in an effort to save you and your CPA some frustration, we advise caution about filing your taxes early and suggest delaying until April 1st. This will save you the inconvenience of potentially amending your return if 1099s are revised.
Due to the complexity of our tax laws, 1099s are often revised. As a result, these documents will be distributed to account holders based on the nature of the investments in your account.
Even with LPL’s staggered mailing process, delayed reporting and reclassification can sometimes occur, which is outside of our control. For the most part—with rare exceptions— corrected 1099s are triggered by updates from security issuers after the IRS deadline. If you need to file an amended tax return, be sure to discuss the situation with your tax advisor prior to refiling so you can determine the best course of action based on your individual circumstances.
LPL will mail 1099 Consolidated Tax Statements in four phases, which are outlined below.
Olson Wealth Group Can Coordinate with Your CPA or Tax Advisor
Let us know if you prefer that we organize and gather your LPL Financial tax documents for your CPA or tax advisor. To do this, we will need written permission with a signed Permission to Disclose Personally Identifiable Information form.
We are committed to guiding you through this tax season with greater ease and confidence and we trust this information will serve you well. As always, we sincerely thank you for your trust and the opportunity to help you live your Inspired Life.
Required Disclosure: This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. ART Tracking #1067248