Typically, financial institutions must provide these forms to customers and file them with the IRS by January 31, with the exception of Form 1099-S, which must be filed by February 15. If you haven't received an expected form a few days after the filing date, contact the issuer.
What other documents might I receive?
Homeowners may receive Form 1098, which lists mortgage interest paid during the year. Mortgage interest on debt less than $750,000 ($1 million for homes purchased before December 14, 2017) is tax deductible.1 Any real estate property taxes paid through an escrow account will also be listed on this form.
If you own an Individual Retirement Account (IRA), you'll likely receive Form 5498, which reports total annual contributions made to a traditional, Roth, SEP, or SIMPLE IRA.
How long do I need to keep a record of my tax filing?
Whether you file online, through a tax professional, or on a paper form, the IRS guideline is to keep your return, records, and receipts for at least three years. However, you should keep them for as long as seven years if your return includes unusual activity, such as a loss for a bad debt or from worthless securities.2
If I'm getting a refund, how can I have the cash deposited into my bank account?
Direct deposit is easy to set up for your tax refund. All you'll need is your bank's routing number (the first nine digits listed on the bottom of your checks) and your account number (the second set of numbers listed at the bottom of your checks). The direct deposit option is available through your tax software — or via Form 8888, if you're not filing through a professional.