Windham Brannon Financial Group, LLC Tax Reports

Posted on Monday, January 30th, 2012

As a result of the new tax reporting requirements that the federal government put into place as part of the Emergency Economic Stabilization Act of 2008, beginning with tax year 2011, your Form 1099 Composite that you will receive from Charles Schwab & Co. in mid-February will include all of the information you will need for your tax preparation. Although this is a longer, redesigned Form 1099, the consolidated report will allow you to have only one form to use for tax preparation rather than the Form 1099 plus a Windham Brannon Financial Group Tax Report.  Since all of your tax information will be sent in one report from Schwab, you’ll no longer receive a separate tax report package from Windham Brannon Financial Group, LLC.

The purpose of the legislation is to make sure that investors accurately report gains and losses on securities when they file their taxes. If you would like more information about the Emergency Economic Stabilization Act of 2008 that initiated this change, please click here.

If you have any questions, or would like to schedule time to discuss these changes, please don’t hesitate to call or email to set up a time to talk.

Best Regards-

James W. Heard, CFP®

President & CEO

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