More and more brokerages and making 1099s available ONLY online, meaning the client has to think to go out and retrieve the 1099s. So this time of year is a good time to make a note to verify what brokerage or investment accounts you have, find your login, and make a note to log in at tax time to check for 1099s.
There’s a rumor out there that you can stop filing tax returns when you turn 72. This rumor is not true.
The answer is yes. Your age on December 31 is considered your age for the entire year.
How to fix a Schedule C filed in the wrong spouse’s name.