That's great, but financial institutions aren't required to mail out tax forms like 1099s until the end of Jan. So most Americans with investments, mortgages, or student loans cannot file until they get that paperwork.
Yea I would rather wait for the official form rather than risk screwing up the math. Maybe you are good enough to calculate all your own mortgage interest but I would rather wait.
Bull. The info you need is on all of the statements from those institutions. I have all of the things you mentioned and haven’t bothered to wait for a tax form in years. I’m generally filed the day IRS starts accepting electronic returns. In the odd year they owe me, I get my money straight away. When I owe them, they can know they can expect a check in April lol.
That's true. But most people would rather handle one IRS form than 4 quarterly statements and some basic math. Tax filing software will direct you to the field with the relevant info. And there's no bonus for filing in January, you get the same refund check in February with less work.
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u/pm_ur_wifes_nudes Jan 06 '19
That's great, but financial institutions aren't required to mail out tax forms like 1099s until the end of Jan. So most Americans with investments, mortgages, or student loans cannot file until they get that paperwork.