Wooden blocks with the word Tax time and taxpayer with the inscription 2021 on the calculator. The concept of paying the tax rate. Taxation, taxes burden. Pay off debts. Property income annual taxes

LSCU Compliance Team helps CUs prepare for tax time

Another year has flown by, and now it is time to start your credit union’s tax forms preparation. In this Compliance Bulletin, you will find a Year-End Reporting Schedule that lists due dates for tax forms and other reports that credit unions are required to submit annually.

The General Instructions for Forms 1098, 1099, 5498, and W-2G are available on the IRS’ website at http://www.irs.gov/pub/irs-pdf/i1099gi.pdf.  The IRS operates a centralized call site Monday through Friday from 8:30 a.m. – 5:30 p.m. ET to answer questions about reporting on information returns.  The toll-free telephone number is 866-455-7438.

If you have any questions, please contact Compliance Services at 800-768-4282 or 770-476-9625 for assistance.  You may also email us at compliance@lscu.coop.

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About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

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