Bloomberg Daily Tax Report quoted Tax Principal Michael D’Addio in article about Robinhood’s failure to deliver customer tax forms by the deadline.
Bloomberg Daily Tax Report
By Misyrlena Egkolfopoulou and Anders Melin
Big brokerages rarely blow past the deadline for issuing tax documents, according to Michael D’Addio, a principal at Marcum LLP, a tax audit and advisory firm. While most stick to the deadline for issuing 1099 filings, they might issue amended documents a few weeks later, reflecting information that was inadvertently left out initially, he said. People who’ve already filed their taxes by then may have to send the IRS an amended return.