Tax Information FAQs

• Tax statements are sent to the address we have on record as of 12/31 of the tax year in question, unless you are paperless for the account in question.
• Tax forms are only generated if a threshold is met. 1099/1098 tax forms are only generated when:
  
  • $10 or more of interest is paid on a deposit account, i.e. checking, savings, CDs.
  • $10 or more of interest is paid when redeeming U.S. Savings Bonds.
  • There is tax withholding, no matter the dollar amount.
  • 1098 tax forms are only generated when $600 or more in interest is received from an individual (including a sole proprietor) for either a loan or line of credit secured by real property.

• If your account was recently closed, your document will not be available online because your account is no longer accessible online. If your account qualifies for a tax statement to be generated, we will mail your tax document even if you were previously paperless for that account. If you have any questions please call customer service.

• The current tax year represents the most recent year ending December 31^st.
• Duplicate Tax Statements sent by mail can be requested beginning February 1^st after all the original statements have been mailed by calling Customer Service at 1-877-520-1099.
• Duplicate Tax Statements are identical copies of existing tax forms. Your 1099/1098 form can also be downloaded in the Mobile app and from your computer.

1. Sign into the Mobile app and click on Menu.
2. Select Bank of America under Statements and Documents.
3. Select Tax Statements
4. Choose the account, then the time period you wish to view.
5. Select the PDF you wish to download or print.

1. Sign into Online Banking & choose the account you wish to view.
2. Select Statements and Documents.
3. Choose the tax year you wish to view.
4. Select Tax Statements.
5. Select the PDF you wish to download or print.

• All 1099/1098 tax statements that meet the thresholds required to generate a tax form are mailed by January 31.
• You must select paperless delivery for your tax document no later than 12/31 of the tax year in question to ensure that your paperless settings take effect for your tax document. Go to Manage Paperless Settings to update your paperless preference.

1. Sign into the Mobile app and click on Menu.
2. Select Bank of America under Statements and Documents.
3. Select Tax Statements
4. Choose the account, then the time period you wish to view.
5. Select the PDF you wish to download or print.

1. Sign into Online Banking & choose the account you wish to view.
2. Select Statements and Documents.
3. Choose the tax year you wish to view.
4. Select Tax Statements.
5. Select the PDF you wish to download or print.

• The previous tax year represents all years prior to December 31st of the most recent year.

1. Sign into the Mobile app and click on Menu.
2. Select Bank of America under Statements and Documents.
3. Select Tax Statements
4. Choose the account, then the time period you wish to view.
5. Select the PDF you wish to download or print.

1. Sign into Online Banking & choose the account you wish to view.
2. Select Statements and Documents.
3. Choose the tax year you wish to view.
4. Select Tax Statements.
5. Select the PDF you wish to download or print.

• The official amount of interest earned and reported to the IRS and to the client is provided on the 1099 Combined Statement, which is mailed by January 31^st.

• A tax statement is not required to file a tax return with the IRS.

• Tax information is reported by client's TIN or Social Security Number (SSN) and not by account, however all accounts are reflected on one statement.
• The primary SSN, which is the first name listed on account, is reflected on the tax statement and reported to the IRS.

• Yes. Both clients and non-clients who cash a U.S savings bond at a Bank of America financial center will receive a tax statement.

• You may access applicable tax resources in the Mobile App and on your Computer.
• All 1099 & 1098 forms are mailed by January 31 if your account has met thresholds requiring the generation of a Tax Statement. All Applicable tax forms can be found in the Mobile App and from your Computer.
• See "How can I access my Tax Statements on the Mobile app or on my Computer?" FAQ question for instructions to access Tax Statements.
• See "I never received my Tax Statement" FAQ question for a list of thresholds that need to be met before a Tax Statement is generated.

Mobile App

1. Sign in to the Mobile app and click on Menu.
2. Under "More Features," select Statements and Documents.
3. Choose the account, then the time period you wish to view.
4. Select the PDF you wish to view, download or print.

From your Computer

1. Sign in to Online Banking, select Accounts, then Statements and Documents.
2. Select the account, then the time period you wish to view.
3. Select the PDF you wish to view, download or print.

From your Computer

1. Select your business credit card CORP account from the main Accounts page.
2. Click the Download link on the Activity tab.
3. Select All accounts for this company from the Select an account dropdown.
   Note: This option is only available to account owners/guarantors.
4. Complete the Custom date range fields to create a full year report.
5. Select the file type and click the Download transactions button.

• Duplicate Tax Statements are identical copies of existing tax forms. Your 1099 & 1098 forms can be downloaded in the Mobile app and from your Computer.
• A duplicate tax form sent by mail can be requested beginning February 1st.
• See "How can I access my Tax Statements on the Mobile App or on my Computer?" FAQ question for instructions to access Tax Statements.

Mobile App

1. Sign in to the Mobile app and click on Menu.
2. Under "More Features," select Statements and Documents.
3. Choose the account, then the time period you wish to view.
4. Select the PDF you wish to view, download or print.

From your Computer

1. Sign in to Online Banking, select Accounts, then Statements and Documents.
2. Select the account, then the time period you wish to view.
3. Select the PDF you wish to view, download or print.

Tax information is reported by client's EIN, TIN or Social Security Number (SSN) and not by account, however all accounts are reflected on one statement. The primary EIN, TIN or SSN, which is the first name listed on account, is reflected on the tax statement and reported to the IRS.

Current tax year represents the most recent year ending December 31st.

Represents all years prior to December 31st of last year.

• Statements are sent to the address we have on record.
• If your address did not change, keep in mind, tax forms are only generated if a threshold is met.

1099 tax forms are only generated when:

• $10.00 or more interest is earned on a deposit account i.e. checking, savings, CDs
• $10.00 or more interest is paid when redeeming U.S. Savings Bonds
• There is a tax withholding no matter the dollar amount.

• 1098 tax forms are only generated when $600.00 or more in interest is paid to either a loan or line of credit secured by real estate.
  Please speak with your Financial Advisor for more details for these forms.