New requirements and old challenges have caused several mutual fund companies to delay sending their 1099 tax forms to investors until after the Jan. 31 deadline, according to Kiplinger.

Edward Jones, Merrill Lynch, Morgan Stanley, and Wachovia Securities are among those who have requested an 30-day extension for sending shareholders the tax forms, which reflect investment interest, gains (or losses) and other income, in order to avoid having to send corrected forms later.  More than 13% of the 1099s sent for tax year 2005 were later corrected and resent.

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