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Your 2015 Tax Filing

As we move into tax season, we’d like to bring two items to your attention.

On February 15, Raymond James began sending 1099s to clients with investment assets in taxable (non-retirement) accounts. As in the past, your 1099s may be delayed or revised at a later date. Raymond James will begin mailing amended 1099s on February 28, but there is no cutoff or deadline for amended tax forms. Our advice from previous years remains the same: wait until April to file your taxes, or file for an extension.

You may have also heard about a scam that is being perpetrated again this year.  Scam-artists, purportedly from the IRS, call individuals to notify them that they have not paid their taxes and will face penalties if they do not pay immediately. Be aware that, among other things the actual IRS will never do, they will never call you to demand immediate payment or ask you for a credit or debit card number. You can read more on this and other scams on the IRS Tax Scams and Dirty Dozen pages.

If you have any questions about these issues, please contact your financial advisor or tax professional.

Please remember that past performance may not be indicative of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product (including the investments and/or investment strategies recommended or undertaken by TGS Financial Advisors), or any non-investment related content, made reference to directly or indirectly in this article will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. It is not possible to invest directly in any investment index, and no representation is made that any client will earn returns consistent with the returns of any investment index. The historical performance results of any index do not reflect the deduction of fees, the incurrence of which would have the effect of decreasing indicated historical performance results. Due to various factors, including changing market conditions and/or applicable laws, the content may no longer be reflective of current opinions or positions. Moreover, you should not assume that any discussion or information contained in this article serves as the receipt of, or as a substitute for, personalized investment advice from TGS Financial Advisors. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above to his/her individual situation, he/she is encouraged to consult with the professional advisor of his/her choosing. TGS Financial Advisors is neither a law firm nor a certified public accounting firm and no portion of this article’s content should be construed as legal or accounting advice. A copy of the TGS Financial Advisors’ current written disclosure statement discussing our advisory services and fees is available upon request.

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