The Securities Industry Association (SIA)* provides comments to the Internal Revenue Service (IRS) on extending the due date for Form 1099. SIA requests that the IRS grant securities firms an extension of the due date for providing 2003 Forms 1099 to customers from January 31, 2004 to February 28, 2004. This extension is urgently needed in order to greatly reduce the number of corrected Forms 1099-DIV that will need to be provided to customers by securities firms and other nominees reporting dividend distributions as qualified or non-qualified dividend income under the Jobs and Growth Tax Reconciliation Act of 2003.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.