Merrill Lynch Tax Documents: The Ultimate Guide to 2023 Filings

What Tax Documents Do I Need from Merrill Lynch?

Merrill Lynch issues various tax documents that clients can use to file their annual tax returns. Prepare your tax documents in advance to ensure that you will meet the upcoming tax season with complete requirements to avoid penalties and maximize your refund. Here are the most common tax forms to expect from the company:

• Form 1099-DIV: Reports dividend income earned from stocks and mutual funds held in taxable brokerage accounts.
• Form 1099-INT: Reports interest income earned from bonds, CDs, and savings accounts held in taxable brokerage accounts.
• Form 1099-B: Reports proceeds from the sale of stocks, bonds, and other investment instruments.
• Form 1099-R: Reports distributions from retirement accounts, such as IRAs and 401(k) plans.
• Form 1099-MISC: Reports miscellaneous income, such as prizes, awards, and royalties.
• Form 5498: Reports contributions made to IRAs and other retirement accounts.
• Form 8915-E: Reports income and expenses from pass-through entities, such as partnerships and S corporations.

When Are Merrill Lynch Tax Documents Mailed?

Merrill Lynch typically mails tax documents by the end of January for the previous tax year. However, the exact mailing date may vary depending on the type of document and the client's account status.

How to Get Merrill Lynch Tax Documents Online

Clients can access their tax documents online through the Merrill Lynch website. To do so, follow these steps:

1. Log in to your Merrill Lynch account.
2. Click on the "Tax Documents" tab.
3. Select the tax year for which you need documents.
4. Click on the "View" button for the desired document.

What to Do If You Don't Receive Your Merrill Lynch Tax Documents

If you haven't received your tax documents by the end of February, contact Merrill Lynch customer service at 1-800-637-7455.

Merrill Lynch Tax Filing Deadlines

The tax filing deadline for most individuals is April 15th. However, there are some exceptions. For example, if you file for an extension, you have until October 15th to file your return.

Tips for Filing Your Taxes with Merrill Lynch Tax Documents

• Gather all of your tax documents. This includes documents from Merrill Lynch and other financial institutions.
• Review your documents carefully. Make sure that all of the information is correct.
• Use tax software or a tax professional. This can help you ensure that your return is accurate and complete.
• File your return on time. You can file your return electronically, by mail, or by fax.

Consequences of Filing Your Taxes Late

If you file your taxes late, you may have to pay penalties and interest. The penalty for filing late is 5% of the tax due for each month that the return is late, up to a maximum of 25%. The penalty for paying late is 0.5% of the tax due for each month that the payment is late, up to a maximum of 25%.

Conclusion

Filing your taxes can be a daunting task. However, by following these tips, you can make the process a little bit easier. Merrill Lynch provides a variety of resources to help its clients file their taxes accurately and on time.

Additional Resources

• Merrill Lynch Tax Center
• IRS Website
• Tax Software Providers

Tables

Table 1: Merrill Lynch Tax Documents

Table 2: Merrill Lynch Tax Filing Deadlines

Table 3: Consequences of Filing Taxes Late

Table 4: Tax Software Providers