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Finding Your Tax Statements

Here's how to find your tax statements in Amplify Credit Union's online banking.

Written By Matthew Monagle (Member Support)

Updated at September 15th, 2020

Nothing can be more frustrating than chasing down the previous year's documents during tax season. That's why Amplify Credit Union makes it easy for you to access your tax statements both online and off. In this section, we'll explain when you can expect to receive your tax statements from Amplify and where to go in online banking to find them. 

Key Takeaways:

  • Tax documents are mailed by Amplify Credit Union no later than January 31 of the current year.
  • If you are enrolled in paperless statements, you can instead find your documents in the "Statements / Notices" feature in online banking.
  • If you have trouble accessing your statements, contact our member support team at  (512) 836-5901.

Where Can I Find My 1099 Statement?

Amplify is required to mail all tax documents - including your 1099-B, 1099-DIV, 1099-INT, 1099-OID, and 1099-MISC - no later than January 31 of the current year. However, if you have chosen to receive paperless statements, you will instead be able to access these documents in online banking. 

First, click on the "Statements / Notices" feature in the online banking sidebar. This will pull up a list of all your active accounts. From here, click on "View History" under the account whose tax information you would like to access. For the year 2020, your 1099 statement should be the statement dated on or about January 22, 2020. This will be easily distinguishable from your monthly statements, which are dated on the final day of each month.

To download a copy for your personal records, open the statement and download the PDF to your device.

When Can I Expect My Statements?

All tax statements for the previous year will be mailed to the address on file no later than January 31 of the current year. If you participate in our paperless statements program, these documents will be uploaded directly to online banking in January of the current year. For the year 2020, your 1099 statements should be available on or about January 22, 2020.

Do We Get Multiple Tax Statements for Each Account?

Amplify will generate one statement for all related accounts at the credit union. This statement can be found under your share account, otherwise known as your Amplify Savings Account. For the year 2020, the date of the statement should be on or about January 22, 2020. As a reminder, this will be easily distinguishable from your other accounts, which are dated on the final day of each month.

Why Didn't I Receive My Tax Statement?

For some members, the lack of a tax statement may be an indicator that you did not cross the Internal Revenue Service threshold for reporting. According to the IRS, any financial institution that pays you a minimum of $10 in earned interest must prepare a 1099-INT. If you maintained low balances at Amplify throughout the previous year, this may explain the lack of a tax statement.

If you believe that you qualified for a statement but cannot find one online, you can always contact our member support center at (512) 836-5901 during normal business hours.

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