Tax Season Is Here!Things you need to know about your credit union tax forms
January 23, 2017 marks the official start of tax season in the U.S. This year, the IRS
expects around 150 million Americans to file their annual tax returns. If you're lucky, you're among
those expecting a hefty refund, and you are hoping to get your return filed as quickly
Find Your Information Without Waiting on Forms:
If you don't want to wait on your tax forms, you can access most of your most important data by logging into Internet Teller. For share/savings type accounts, just click on the account name in the Account Center as if you were viewing your transactions. At the top of the screen, you will see "2016 Dividends". Remember you must have received $10 or more in dividends among all of your savings/checking/club/CD accounts in order to receive a 1099-INT.
If you joined ACU in 2016 and received $5.00 to open your account, that amount is considered interest and will be reported to the IRS if it brings your total over the $10.00 reportable limit.
For loan accounts, your 2016 interest paid is displayed at the upper-left portion of the transaction page.
If you still have questions about your tax forms, you may contact us via phone or Internet Teller's Communications Center. For questions regarding specific tax details, we encourage you to consult your tax adviser or the IRS website or telephone hotline.