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Volume 4 | Issue 1 | January 2020January Broker Blast UnitedHealthcare New Jersey Health Plan1NEW JERSEY BROKER BLASTVolume 4 | Issue 1 | January 2020___Thank you to those who responded to our survey
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The January Broker Blast is a communication issued by the IRS that provides information about tax reporting requirements for brokers regarding transactions from the previous year.
Brokers, including those that handle stocks, bonds, and mutual funds, are required to file the January Broker Blast to report relevant transactions to the IRS.
To fill out the January Broker Blast, brokers must gather necessary transaction details, complete the required forms accurately, and submit them according to the IRS guidelines.
The purpose of the January Broker Blast is to ensure that brokers provide accurate reporting of client transactions to the IRS, aiding in the tax compliance process.
Information that must be reported on the January Broker Blast includes details of sales, exchanges, and other taxable events for each client during the applicable tax year.
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