It’s almost tax season – here’s the important info to help you prepare

Eagle Wealth Management |

Hello Eagle Wealth Community,

To help you sail smoothly into the new year, we’ve rounded up the latest information on the 2021 tax season.  Taxes are complicated enough, so we’re here to help answer your most common questions and bring clarity to this tax season.
What you need to know:

  • Key tax season dates
  • Your FAQs answered
  • Where to view all your accounts online
  • Learn how to access your SEI Private Trust Company tax documents online
  • Remember to send us a copy of your completed 2020 tax return

In a hurry? Download our infographic to save this information for later.


Important dates

Keep in mind that although deadlines are published by the IRS, most companies file for (and are normally granted) extensions for reporting client tax information.  It’s also possible you’ll receive corrected 1099s from your financial services company as late as March 31st.  For most taxpayers, we recommend waiting until at least February 28th, to deliver 1099s to tax preparers.  You can start gathering and providing other tax-related documents to your tax preparer sooner, but hold off on the 1099s, especially if you have a history of receiving corrected 1099s. 

  • February 1st — SEI Private Trust Company 1099-R tax forms postmarked and mailed to investors.

*Combined tax document (non-retirement accounts) mailings are released in staggered waves.  You can access the SEI website to view tax statements at the same time they are mailed.

First Wave

  • February 12th  SEI combined tax forms available on
  • February 19th — SEI combined tax forms postmarked and mailed to investors.

Second Wave

  • February 19th — SEI combined tax forms available on
  • February 26th — SEI combined tax forms postmarked and mailed to investors.

Final Wave

  • February 26th — SEI combined tax forms available on
  • March 11th — SEI combined tax forms postmarked and mailed to investors.


Thursday, April 15th — Deadline for filing individual and most trust income tax returns.

Frequently asked questions

Where can I see all my accounts?  Your accounts are available on your personal financial Wealthview website.  (tax documents are not available here)

Personal Financial Website Login

Can I access my SEI tax documents online?  Yes, and it’s easy to do!  Check out our tutorial here for step-by-step instructions and visit  If you’re a brand-new user of the SEI website, then follow this guide to register.  

SEI Client Login

When will my non-SEI tax documents be available?  You should expect to receive tax documents in the mail by February 28th

What is a Form 1099-R?  Form 1099-R is used to report designated distributions of $10 or more from pensions, annuities, profit-sharing and retirement plans, IRAs, and insurance contracts.

What is a Combined tax form?  SEI Private Trust Company will sometimes refer to the tax forms 1099-DIV, 1099-INT, 1099-B, and 1099-OID as ‘Combined’ tax forms.  These are for non-retirement accounts.

What is a Form 1099-Div?  Form 1099-DIV is used by banks and financial institutions to report dividends and other distributions to taxpayers and to the IRS.

What is Form 5498?  If you made contributions (deposits) to your IRA account for the tax year, you’ll receive Form 5498 detailing those contributions in May.  Form 5498 is for informational purposes only.  You are not required to file it with your tax return. 

Which tax documents will I receive for my account?
For individual, joint, and trust investment accounts, you’ll receive a Combined Form 1099 including details of dividends paid (Form 1099-DIV) and security sales (Form 1099-B), if there were any of these transactions in your account for that tax year.  If there weren’t any security sales or dividends paid into your account, you won’t receive a Form 1099.

Retirement accounts, including Traditional, Roth, and SEP IRAs, you’ll receive a Form 1099-R only if a distribution (withdrawal) was made during the year.  If you made no contributions to your IRA for the year and took no distributions, you will not receive tax documents for your retirement account.


New City National Rochdale Investors — If you began using City National Rochdale as a manager in 2020, you may receive 2 separate 1099s from SEI.  Be sure you have both 1099s before filing your taxes. 

Qualified Charitable Distributions (QCD) — QCDs are reported as a normal distribution on IRS Form 1099-R for any non-inherited IRAs.  The Form 1099-R will NOT make any mention of your QCDs.  It is your responsibility to report directly to your tax preparer.  You can learn more here.

We’re Here to Help
As your family financial CFO, we’re here to help make tax season less stressful.  If you’re not sure if you’ve received all your tax documents, need assistance with online account access, or have any other questions, please give us a call.  

Stay tuned for next week’s Tax Planning Guide, where we’ll explore where your tax dollars go and some of the ways tax filing may look different in 2021.

Warm regards,

Your Eagle Wealth Team

P.S.  Please remember to send us your 2020 tax return once it’s complete.


Markets drifted lower last week as uninspired investors digested mixed news on the economic front.

The Dow Jones Industrial Average lost 0.91% while the Standard & Poor’s 500 slid 1.48%. The Nasdaq Composite index stumbled 1.54% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, slipped 0.26%.1,2,3

Stocks Drift Lower

Stocks traded without much conviction last week, pushed lower, in part, by a broad retreat in technology. Rising interest rates also dampened enthusiasm, feeding concerns over their effect on current stock valuations.

Markets seemed deaf to a stream of news, moving little on the House impeachment vote, encouraging news on the vaccine front, reassurances from Fed Chair Powell, or a jump in jobless claims. Energy and financials continued their recent advance, while smaller capitalization stocks rose on expectations of becoming beneficiaries of any stimulus bill.4,5

Stocks turned lower to close the week, following the unveiling of president-elect Biden’s stimulus plan and a weaker-than-expected retail sales number.6

New Stimulus Proposal

Biden revealed his long-anticipated stimulus proposal last week, announcing a $1.9 trillion spending plan to provide further help to an unsteady economy.

Along with monetary easing, fiscal stimulus has been one of the major drivers of the stock market recovery, which is why investors have anxiously awaited his plan.

His proposal seeks to help individuals, including direct payments for qualifying Americans and enhanced unemployment aid. The proposal would also include help for small businesses with a new grant program in addition to the Paycheck Protection Program, and would bolster state finances by funding frontline workers, vaccine distribution, reopening schools, and vital services.

The market reaction was muted. Investors will be watching the extent to which Congress amends Biden’s proposal and the speed at which it’s picked up by the legislature.

This Week: Key Economic Data

Thursday: Housing Starts. Jobless Claims.
Friday: Existing Home Sales. PMI (Purchasing Managers’ Index) Composite Flash.

Source: Econoday, January 15, 2021
The Econoday economic calendar lists upcoming U.S. economic data releases (including key economic indicators), Federal Reserve policy meetings, and speaking engagements of Federal Reserve officials. The content is developed from sources believed to be providing accurate information. The forecasts or forward-looking statements are based on assumptions and may not materialize. The forecasts also are subject to revision.

This Week: Companies Reporting Earnings

Tuesday: Netflix (NFLX), Bank of America (BAC), Goldman Sachs (GS), J.B. Hunt Transportation (JBHT).
Wednesday: UnitedHealth Group (UNH), Morgan Stanley (MS), United Airlines (UAL). 
Thursday: IBM (IBM), CSX Corporation (CSX), Union Pacific (UNP).
Friday: Kansas City Southern (KSU), PPG Industries (PPG).

Source: Zacks, January 15, 2021
Companies mentioned are for informational purposes only. It should not be considered a solicitation for the purchase or sale of the securities. Investing involves risks, and investment decisions should be based on your own goals, time horizon, and tolerance for risk. The return and principal value of investments will fluctuate as market conditions change. When sold, investments may be worth more or less than their original cost. Companies may reschedule when they report earnings without notice.