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Tax Resources

Wealth management tends to be both complex and interdependent, and almost every financial action may have tax consequences. One of the many benefits of working with the team at Cornerstone is that our professionals stay current on the constantly-changing tax environment, and can provide practical suggestions and information to help you recognize tax-reduction opportunities.  


TAX PLANNING REPORT

It's more important than ever to minimize your tax liability and ensure that all five areas of your financial plan are in sync.


ACCESS AND EXPORT TAX DATA 

You can send tax reporting information to tax professionals electronically, or upload it directly into tax preparation software (Raymond James currently has partnerships with the third-party tax preparation software programs listed below.) 

Export to Excel -  How to export 1099 tax data to Excel. The download contains all reportable activity that corresponds with your tax ID and document ID. This includes Forms 1099-B, 1099-DIV, 1099-INT, 1099-MISC, 1099-OID and 1099-R.

Export data from Raymond James or RJ Bank 1099 tax statements:
H&R Block®
TurboTax®

In addition, export data from your Raymond James Form 1099-B found on the composite Form 1099 tax statement:
TaxAct®


TAX RATES

Your federal income tax rate for tax year 2020. Tax Rates will be updated to the 2021 rates after April 15, 2021.


Possible Tax Changes Under a Biden Administration


TAXES AND SOCIAL SECURITY

Is your Social Security income taxable?


This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.