Certain payors are required to issue information returns to help you prepare your tax return. Here is a handy schedule of when to expect the information. If you fail to receive information you’re expecting, contact the payor immediately:
Approximately 51.5 million taxpayers have $3.5 trillion in assets in IRAs (including traditional IRAs, Roth IRAs, SIMPLE IRAs, and SEP IRAs). In 2005, for example, contributions totaled $57.4 billion and rollovers to IRAs were another $231.3 billion.
Source: Joint Committee on TaxationView all factoids