Guide to tax statements: Ameriprise brokerage and managed accounts not part of an IRA or other retirement plan

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Guide to tax statements: Ameriprise brokerage and managed accounts not part of an IRA or other retirement plan"

Transcription

1 Guide to tax statements: Ameriprise brokerage and managed accounts not part of an IRA or other retirement plan Updated: Dec. 14, 2015 Table of Contents Introduction Summary Information statement (includes IRS Forms 1099-DIV, 1099-INT and 1099-MISC and summary information from Forms 1099-B and 1099-OID) Form 1099-B, Proceeds From Broker and Barter Exchange Transactions Form 1099-OID, Original Issue Discount Tax form detail supplemental statements Other Receipts and Reconciliations Fees and Expenses Mutual Fund and UIT Supplemental Information End Notes REMIC & Widely Held Fixed Investment Trusts Form 1042-S, Foreign Person s U.S. Source Income Subject to Withholding 1

2 Introduction This guide provides information about tax reporting for nonqualified 1 Ameriprise brokerage or managed accounts (account numbers ending in 133). Statement examples are included to to help you understand your tax reporting. The blue boxes contain information about the statements and are not part of the statements themselves. The payer listed on these tax statements is American Enterprise Investment Services Inc. (AEIS). Your taxpayer identification number (TIN) on these statements will be truncated (only the last 4 digits displayed xxx-xx-1234). Truncating the TIN may assist in protecting you from identity theft. Mailing deadlines February 16, 2016 The mailing deadline for most nonqualified brokerage or managed account tax statements is Feb. 16, ,3,4. They are mailed: Together with tax statements for nonqualified Columbia mutual funds held at Ameriprise, if you have any with reportable activity (account numbers ending in 002). Separately from tax statements for other products that you may own (i.e. annuities, Ameriprise certificates, life insurance policies, IRAs or other retirement accounts, Coverdell Education Savings Accounts, and 529 College Savings Plans). Depending on the investments and activity within your brokerage or managed account(s), your year-end tax statement package may contain any of the following: Summary Information statement 5 which includes: Form 1099-DIV, Dividends and Distributions Form 1099-INT, Interest Income Form 1099-MISC, Miscellaneous Income Regulated Futures Contracts Summary information from Forms 1099-B and 1099-OID Form 1099-B, Proceeds From Broker and Barter Exchange Transactions Form 1099-OID, Original Issue Discount Tax form detail supplemental statement(s) 5 Other supplemental statement(s) New in 2015: California Form 592-B, Resident and Nonresident Withholding Tax Statements (mailed to California residents as applicable) 1 Nonqualified refers to accounts that are not part of an IRA or other retirement plan 2 The IRS mailing deadline is Feb.16, 2016 for Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, and other forms related to an account that could receive Form 1099-B, even if no form 1099-B is required because there were no sales within the account. Form 1099-B reports sales of securities. 3 Tax statement mailing deadlines are delayed to the following business day if they fall on a weekend or legal holiday. 4 We will be using an IRS-granted extension to delay the mailing of tax statements for nonqualified broker-controlled non-traded Real Estate Investment Trusts, Real Estate Mortgage Investment Conduits, and bonds. Tax statements for accounts holding these investments and any associated Ameriprise brokerage or managed accounts and Columbia mutual funds for the same taxpayer will be mailed by March 15, For more information about the Summary Information statement and tax form detail statement(s) see later sections of this guide. 2

3 Note: If at least two-thirds of your total gross income in 2015 was from farming or fishing you may be included in an early tax statement mailing. Farmers and fishermen generally need to make quarterly estimated tax payments in order to be exempt from an IRS penalty. However, they are not subject to a penalty if their tax return is filed and paid in full by the tax due date of March 1. We mail Ameriprise brokerage or managed account and Columbia mutual fund tax statements prior to the Feb. 16, 2016 mailing due date to qualifying individuals. For more information contact your Ameriprise financial advisor. March mailing dates Some tax statements or investments have later IRS mailing deadlines. Additionally, we will be using an IRS-granted extension to delay the mailing of some tax statements. The following mailing deadlines will apply: March 15, 2016 Due to recent tax law changes and the timing of receiving tax information from investment issuer, we will be using an IRS granted extension to delay the mailing of tax statements for the following products within nonqualified brokerage or managed accounts 6 : Broker-controlled non-traded Real Estate Investment Trusts (REITs) Real Estate Mortgage Investment Conduits (REMICs) 7. Bonds Clients affected by the delayed mailing will be sent a notification letter on Feb. 8. We will mail tax statements for all of your Ameriprise brokerage or managed accounts and Columbia mutual funds together in one tax package by March 15. Form 1042-S, Foreign Person s U.S. Source Income Subject to Withholding New in 2015: Undocumented trusts, corporations, partnerships, estates, etc., will receive Form 1042-S for dividend and interest payments 8. March 31, 2016 Form 2439, Notice to Shareholders of Undistributed Long-Term Capital Gains This statement is generally sent for only a few mutual fund and Real Estate Mortgage Investment Trust (REIT) investments within a brokerage or managed account. Tax reporting for income less than $10 Tax law provides that if the amount of reportable dividends, interest, OID, or miscellaneous income is less than $10 on an account in a calendar year, we are not required to produce tax reporting for that account on Forms 1099-DIV, 1099-INT, 1099-MISC or 1099-OID or to report the income to the IRS, unless there is backup withholding on the account. Tax reporting, including the Summary Information statement and tax form detail statement(s) will be generated if the account has any of the following: Any income during the year over $10, including: dividend, interest, OID or other income Backup withholding Sales or dispositions requiring Form 1099-B reporting 6 The IRS mailing deadline is Feb.16, 2016 for Form 1099-B, Proceeds From Broker and Barter Exchange Transactions, and other forms related to an account that could receive Form 1099-B, even if no form 1099-B is required because there were no sales within the account. Form 1099-B reports sales of securities. 7 See page 16 for additional details about REMIC statements. 8 See page 17 for additional details about 1042-S statements. 3

4 Note: If tax reporting is required on an account for any income type or to report a sale or disposition, the Summary Information statement will include all forms of income in the account, even those less than $10 and a detail statement will be generated. However, we will only report income of $10 or more to the IRS. Example: Form 1099-DIV divided income is $5 and Form 1099-INT interest income is $20. The Summary Information statement will include both amounts but only the $20 on Form 1099-INT will be reported to the IRS. You can find the interest and/or dividends paid in your account(s) on your monthly or quarterly financial statements and on your annual financial statement which is available exclusively online in late January on the secure site of ameriprise.com > My Accounts > Statements & Documents 9. Updated tax statements Many of the updated tax statements you may get for nonqualified Ameriprise brokerage and managed accounts and Columbia mutual funds are due to income reclassification. Brokerdealers like Ameriprise Financial, receive income reclassifications and other similar adjustments from mutual funds or companies that issue stock after year-end statements have mailed. If updates to your tax information are necessary after your year-end tax statements have been produced: Updated or new tax statement(s) will be issued. We will mail you only the tax statement (s) being updated or any new tax statement(s). If you previously received other 2015 tax statements that don t require a correction they will not be re-sent to you. The word CORRECTED will be printed on the Table of Contents and at the top of the statement. C will also appear next to the dollar amount that was updated within the statement. For more information please take a look at the following articles: Investment types most likely to reclassify Corrected tax statements and income reclassification If you own an investment likely to reclassify you may want to delay filing your tax returns until late March or early April to avoid re-filing. Work with a qualified tax professional to determine how amended tax statements may affect your tax returns. Contact If you have questions or need to make corrections to your tax statements, please contact Service Delivery at and say Brokerage Trades or SPS Trades at the prompt. 9 Amount(s) on your financial statements and tax statements may be different due to various potential adjustments (for example, income reclassification, wash sales, and market discount). 4

5 Summary Information statement Some tax statements and supplemental information for nonqualified brokerage accounts are displayed together on a two page document called the Summary Information statement. The Summary Information statement is divided into various income sections which correspond to tax statements or detail pages found later in the tax package. The various sections include information, as applicable 10. The sections that contain information we report to the IRS are marked with an * on the statement. See the following pages for more details. 10 Tax law provides that if the amount of reportable income is less than $10 on an account in a calendar year, we are not required to produce tax reporting for that account on Forms 1099-DIV, 1099-INT, 1099-MISC or 1099-OID or to report the income to the IRS, unless there is backup withholding on the account. For more information see the Introduction section on page 3 of this guide. 5

6 Summary Information statement continued Regulated Futures Contracts (Lines 8-11) contains profit and loss information for regulated futures contracts, if applicable. This information is part of Form 1099-B and is reported to the IRS. Sales Transactions contains a summary of proceeds, gains, losses, adjustments, and withholding from proceeds within the account, if applicable. Every holding period category is displayed, regardless of the activity within the account. This summary information is not reported to the IRS. Refer to Form 1099-B, found later within the tax package, to see information that is reported to the IRS. Back to top > 6

7 Summary Information statement - continued Form 1099-INT, Interest Income New in 2015: Line 13 reports bond premium on tax-exempt bonds Line 14 reports tax-exempt and tax credit bond CUSIP. This information is reported to the IRS. Adjustments to Interest and Original Issue Discount Bond premium, accrued interest, nonqualified interest, and market discount in this section display 0.00 for all lots. We are unable to provide this information. Please consult your own records and work with a qualified tax professional to determine how to calculate and report this information on your tax returns. Acquisition premium - Tax-exempt obligations (all lots) and Acquisition premium - Tax-exempt obligations (AMT, all lots) lines may be populated, if applicable, for covered tax lots only. Original Issue Discount Income Summary contains totals for the transaction detail information on Form 1099-OID. The totals are not reported to the IRS. This section has lines to report Market discount and Total acquisition premium, if any for covered OID bonds 11. The dollar amount in the Market discount (covered lots) line is the total of amounts found on Line 5 of Form 1099-OID (Note: This line will display $0.00 ifyou are using the broker default, recognition at sale or maturity, for market discount) The dollar amount in the Acquisition premium (total for covered lots categorized below) line is the total of amounts found on Line 6 of Form 1099-OID (Note: Acquisition premium for Non-Treasury obligations and Treasury obligations is displayed separately underneath the total). 11 Cost basis reporting regulations, for covered bonds, were implemented for less complex bonds and options purchased starting on Jan. 1, In 2015 the IRS changed the broker default for market discount computation method to constant yield. For more information on covered and noncovered securities, cost basis reporting requirements, and bond elections see Cost basis reporting FAQ on ameriprise.com/taxcenter. Back to top > 7

8 Form 1099-B, Proceeds From Broker and Barter Exchange Transactions Form 1099-B may have up to five holding period categories depending on how long the assets have been in the account and availability of data for noncovered tax lots: Short-Term Transactions (NONCOVERED) 12 Short-Term Transactions (COVERED) Long-Term Transactions (NONCOVERED) Long-Term Transactions (COVERED) Undetermined Term Transactions (NONCOVERED) 13 Each holding period category identifies the investment, quantity, date sold, proceeds and, if known, date acquired, cost or other basis, and gain or loss information. We ve sent and will continue to send the information on proceeds from the sales of investments to you and to the IRS when applicable. The tax statement will include notations to indicate which information is reported to the IRS. For example, gain and loss information is not reported to the IRS for either covered or noncovered securities. For all investments, we report proceeds, date sold or disposed, CUSIP, description, and quantity. For covered investments, we also report cost or other basis, term of gain or loss (date acquired and holding period) and any adjustments from wash sales or market discount. Gain/loss amounts are not reported to the IRS. Cost basis reporting For noncovered investments, cost basis information is provided as informational only and may not incorporate all basis adjustments. You may need to adjust the numbers we provide, for example, in the case of wash sales, which may or may not have been calculated. Review these records for accuracy and work with a tax professional to report these transactions appropriately. Under the cost basis rules for mutual funds, the average cost basis calculation is calculated separately for covered and noncovered tax lots within the same mutual fund account. Original and adjusted cost basis on tax statements Cost basis on some tax lots may be adjusted due to various reasons (for example income reclassification, wash sales and market discount). If any adjustments have been made, we report the adjusted amount on column 1e Cost or other basis of Form 1099-B. For tax lots with adjusted basis, we also provide the original basis amount in the Additional information column of the statement. The original basis amount displayed in the Additional Information column is not reported to the IRS. 12 Investments, which became covered more than one year ago, such as stocks and mutual funds, will generally not be reported in this category. 13 The undetermined category is for assets for which some of the information is missing in our files, especially if we don t know the acquisition date. You will need to consult your own investment records and work with a qualified tax professional to determine how to report these transactions on your tax returns. Back to top > 8

9 Form 1099-B continued Income Tax Withheld Tax withholding is not reported with the rest of the transaction information, but in a separate section of our Form 1099-B, called Income Tax Withheld. This section will be present only if there is federal or state income tax withholding on the sales or redemptions reported on Form 1099-B. Reporting aggregate tax lots When a single sale includes multiple tax lots of the same investment, holding period (short-term or long-term), covered status and sale date, the tax lots will be combined within the appropriate holding period and covered status category and reported as an aggregate total on Form 1099-B with Date acquired listed as Various. The underlying individual tax lots are provided above the combined totals without a Date sold or disposed. In this case we report only the aggregate totals to the IRS. Only use either the supporting details or the aggregate totals when preparing your tax returns. Using both numbers would result in double reporting. Income Tax Withheld section is displayed for transactions that had withholding. Aggregate tax lot reporting 9

10 Form 1099-OID, Original Issue Discount Form 1099-OID reports the amount of accrued original issue discount (OID) attributable to a discounted taxable debt obligation. We are required to report OID by CUSIP on a separate Form 1099-OID for each investment you own. The information on Form 1099-OID is reported to the IRS, unless otherwise indicated, and should be used when preparing your tax returns. A summary of Form 1099-OID information is found on the Summary Information statement discussed earlier. Form 1099-OID reports the following information on covered tax lots per IRS mandatory cost basis requirements for bonds. Line 5, Market discount: Reports the market discount that accrued during the year while you held the bond, if you have chosen the annual inclusion of market discount election. This line will report 0.00 if the broker default for market discount is used. Line 6, Acquisition premium: Reports the amount of acquisition premium amortization for the year. Back to top > 10

11 Tax form detail supplemental statements The tax form detail statements provide the supplemental transactional details for the totals listed on the Summary Information statement. The information on the tax form detail statements is not reported to the IRS. Depending on investments and activity in your brokerage or managed accounts you may receive one or more of the following 14 : Detail for Dividends and Distributions displays: Individual dividend payments in the account by CUSIP Applicable federal, state, or foreign tax withholding Tax-exempt dividends Detail for Interest Income displays: Individual interest payments in the account by CUSIP Accrued interest paid on purchase transactions and/or Accrued interest received on sale transactions, if applicable Applicable federal, state, or foreign tax withholding Interest payments from mortgage pools (previously reported on Form 1099-OID, REMIC) Detail for Tax-Exempt Interest displays: Transaction detail for tax-exempt interest which is reported on Form 1099-INT, Line 8 Detail for Miscellaneous Income displays: Transaction details of miscellaneous income (i.e., royalty distributions and miscellaneous substitute payments) which are reported on Form 1099-MISC Detail for Tax-Exempt OID, Original Issue Discount displays: Original issue discount, Market discount and acquisition premium for tax-exempt bonds New in 2015: Supplemental Information for Widely Held Mortgage Trusts displays: Transactional details of income, principal, total proceeds and tax withheld for Widely Held Mortgage Trust investments. New in 2015: Supplemental information for REMICs and Widely Held Fixed Investment Trusts Transactional information by CUSIP for REMIC investments Details of premium accrual Details of income paid and received 14 Tax law provides that if the amount of reportable income is less than $10 on an account in a calendar year, we are not required to produce tax reporting for that account on Forms 1099-DIV, 1099-INT, 1099-MISC or 1099-OID or to report the income to the IRS, unless there is backup withholding on the account. For more information see the Introduction section on page 3 of this guide. 11

12 Other Receipts and Reconciliations This supplemental statement provides details for limited partnership distributions and other similar transactions. We don t report the information on this statement to the IRS. You can expect to receive a Schedule K-1, Partner s Share of Current Year Income, Deductions, Credits, etc. statement directly from the partnership filing Form 1065 (U.S. Return of Partnership Income) which contains information reported to the IRS. For more information go to Sponsor controlled partnership investments: Tax reporting from the partnership 12

13 Fees and Expenses This supplemental statement contains information about management and wrap fees in your brokerage or managed account. In addition, it may also include, when applicable, other fees incurred and/or payments received, in which are generally adjustments to the income distributed from an investment. This statement also provides information about applicable investment expenses that come out of account income, for example margin interest. We don t report the information on this statement to the IRS. You may use this information to report fees, payments, and investment expenses on your tax return, if applicable. Some payments received are applicable to certain security types only per the table below: Description on tax statement Applicable security types(s) Addition to Cost Basis Unit Investment Trusts (UITs)/Royalty Trusts Foreign Exchange Fee For Depository American Depository Receipts (ADRs) Receipts Tax-Exempt Investment Expense UITs Option Premium Payment Investments such as convertible and reverse convertible bonds Difference Between Reportable & UITs Distributed Amounts - UIT Reduction to Cost Basis UITs/Royalty Trusts Reversal of Prior Year Income Accrual UIT UITs Recognized Prior Year UIT UITs Unpaid Income Accrual UIT UITs Some fees and payments that are not provided on this statement (for example custodial fees) are displayed on the monthly or quarterly financial statements and on the annual financial statement which is available exclusively online in late January on the secure site of ameriprise.com > My Accounts > Statements & Documents. The tax treatment of brokerage fees, payments and expenses depends on many factors. Consult a qualified tax advisor to determine the current tax treatment deductibility of any fees or expenses. Back to top > 13

14 Mutual Fund and UIT Supplemental Information This supplemental statement provides detail for mutual fund distributions reported on Form 1099-DIV. The name, CUSIP, and ticker symbol of the investment are listed at the top of the statement. The statement may contain up to three of the following detail section, included as relevant for the investment: Tax-exempt interest dividends by state and U.S. Possessions Displays only the states or U.S possessions for which a particular investment had an allocation Provides percentage of exempt-interest dividends produced by obligations of that state or U.S possession The portion of dividends derived from interest and original issue discount on state and local obligations is federally tax-exempt, but may be subject to alternative minimum tax (AMT) or state and local taxation. Most states do not tax the portion of exempt-interest dividends attributable to their own obligations, but restrictions may apply in some states. Work with a qualified tax professional to accurately report this information on your tax return. Foreign source income percentages Displays the percentage of ordinary dividends from foreign sources and the percentage that is qualified or adjusted, if applicable. Percentage of income from U.S. Government securities Displays a portion of dividends derived from interest on certain federal obligations (not including Government National Mortgage Association (GNMA) or Federal National Mortgage Association (FNMA) for example) which may be exempt from state and local tax. If the investment provides agency-by-agency breakdown, this information will also be included. The information is not reported to the IRS but may be used in preparation of your state tax returns, if applicable. Consult a qualified tax advisor for more information. 14

15 End Notes There is a separate End Notes page for each account within the tax package, which displays the notes that are referenced throughout the tax statements for that account. There are a variety of end notes for various statement types and account transactions. Only the end notes that pertain to the account display on this page. End note codes are generally located in the Notes column of the statement. However, some of the codes may be displayed in other locations in the statement. Example: Code 24 in the Notes column on the supplemental statement Detail for Dividend Distributions corresponds to the message on the End Notes page for the account. 15

16 REMIC & Widely Held Fixed Investment Trusts Real Estate Mortgage Investment Conduits (REMICs) investments are subject to accelerated repayments of principal and may have paid or accrued reportable interest. REMIC investments have a March 15, 2016 IRS tax statement mailing deadline. New in 2015: If you own REMICs with 2015 reportable activity in your brokerage accounts you will not receive your year-end tax package in February. We will use an IRS-granted extension to deliver all of your 2015 year-end tax statements together in one package along with your REMIC reporting. Your year-end tax package mailed in March will include the following for your nonqualified accounts: Tax statements for mutual funds held outside of a brokerage account 15 Summary Information statements for any brokerage or managed accounts Any applicable supplemental statements for your investments or activity Supplemental statement REMICs and Widely Held Fixed Investment Trusts o Provides the transactional details by CUSIP for each REMIC you own in your account(s). o The supplemental information is not reported to the IRS. Note: A sample of the REMIC statement will be added in mid-march when it is available. 15 Tax law provides that if the amount of reportable income is less than $10 on an account in a calendar year, we are not required to produce tax reporting for that account on Forms 1099-DIV, 1099-INT, 1099-MISC or 1099-OID or to report the income to the IRS, unless there is backup withholding on the account. For more information see the Introduction section on page 3 of this guide. 16

17 Form 1042-S, Foreign Person s U.S. Source Income Subject to Withholding Form 1042-S is generally issued to a nonresident alien or other foreign person, for any taxable or reportable events that happen during the year. A nonresident alien (NRA) individual is someone who is not a U.S. citizen or resident. New in 2015: Per the provisions of the Foreign Account Tax Compliance Act (FATCA), entities such as trusts, corporations, partnerships, estates, etc., (not individual clients) who did not provide Ameriprise with a certified Taxpayer Identification Number (TIN) within 30 days of opening a new nonqualified brokerage or managed account will: Be treated as foreign entities for FATCA purposes Be subject to withholding under Chapter 4 of the Internal Revenue Code Receive Form 1042-S by March 15, 2016 to report income and associated Chapter 4 withholding. Form 1042-S has been modified to accommodate new reporting requirements. Depending on activity within your account may also receive applicable 1099 Forms which will report sale proceeds, cost basis information, and income. Note: U.S. entity clients affected by the FATCA reporting changes will be sent a notification letter in mid-february. For more information on resident and nonresident alien status, see IRS Publication 519, U.S. Tax Guide for Aliens at Ameriprise Financial Inc., and its affiliates do not offer tax or legal advice. Clients should consult with a tax advisor or attorney regarding their specific situation. Brokerage, investment and financial advisory services made available through Ameriprise Financial Services, Inc., Member FINRA and SIPC. Margin lending and brokerage clearing services provided by American Enterprise Investment Services, Inc. Ameriprise Financial Services, Inc., Member FINRA and SIPC Ameriprise Financial, Inc. All rights reserved. 17

A Comprehensive Guide to Your Tax Information Statement

A Comprehensive Guide to Your Tax Information Statement A Comprehensive Guide to Your 2012 Tax Information Statement Table of Contents A Note from Hilliard Lyons.. 3 Important Information for Preparing Your 2012 Income Tax Return. 4 Separate Accounts 4 Transferred

More information

2015 Tax Information Guide

2015 Tax Information Guide 2015 Tax Information Guide To Our Clients: Please retain this booklet with your 2015 tax records. If you use the services of a tax advisor, please furnish this booklet to him or her. This Tax Information

More information

Get the most from your Merrill Lynch supplemental tax information statement

Get the most from your Merrill Lynch supplemental tax information statement Get the most from your Merrill Lynch supplemental tax information statement Life s better when we re connected Contents Here s an overview.... 3 What is the Merrill Lynch supplemental tax information statement?...

More information

2014 tax information guide

2014 tax information guide 2014 tax information guide Please retain this booklet with your 2014 tax records. If you use the services of a tax advisor, please furnish this booklet to him or her. This Tax Information Guide is provided

More information

1099 TAX INFORMATION STATEMENT Tax Form User Manual

1099 TAX INFORMATION STATEMENT Tax Form User Manual 1099 TAX INFORMATION STATEMENT 2015 Tax Form User Manual INSIDE 3 About this Guide 4 2016 Mailing Schedule for 2015 1099 Tax Information Statements 6 Online Access to Tax Information Statements 7 Delayed

More information

2014 Tax Information Guide

2014 Tax Information Guide 2014 Tax Information Guide To Our Clients: Please retain this booklet with your 2014 tax records. If you use the services of a tax advisor, please furnish this booklet to him or her. This Tax Information

More information

1099 Information Guide

1099 Information Guide Your Consolidated Form 1099 is the authoritative document for tax reporting purposes. Due to Internal Revenue Service (IRS) regulatory changes that have been phased in since 2011, TD Ameritrade is now

More information

A Comprehensive Guide to Your Composite 1099 Tax Statement

A Comprehensive Guide to Your Composite 1099 Tax Statement A Comprehensive Guide to Your 2015 Composite 1099 Tax Statement Table of Contents (click on content item to jump to page) A Note from Hilliard Lyons... 3 Tax Information Reporting and Our Obligation to

More information

A Guide to Your 2015 1099 Consolidated Tax Statement

A Guide to Your 2015 1099 Consolidated Tax Statement February 2016 A Guide to Your 2015 1099 Consolidated Tax Statement Your Morgan Stanley 1099 Consolidated Tax Statement is designed to assist you in filing your federal income tax return. It is divided

More information

Get the most from your Merrill Lynch supplemental tax information statement

Get the most from your Merrill Lynch supplemental tax information statement Get the most from your Merrill Lynch supplemental tax information statement Life s better when we re connected Contents Here s an overview.... 3 What is the Merrill Lynch supplemental tax information statement?...

More information

A GUIDE TO YOUR 2014 CONSOLIDATED TAX STATEMENT. Mailing Schedule // 2014 Form Changes // Filing Information

A GUIDE TO YOUR 2014 CONSOLIDATED TAX STATEMENT. Mailing Schedule // 2014 Form Changes // Filing Information A GUIDE TO YOUR 2014 CONSOLIDATED TAX STATEMENT Mailing Schedule // 2014 Form Changes // Filing Information As part of our ongoing commitment to providing you with the best possible service and support,

More information

Cost Basis Reporting for Fixed Income

Cost Basis Reporting for Fixed Income Cost Basis Reporting for Fixed Income On April 17, 2013, the IRS released final regulations on cost basis reporting for fixed income and options securities as part of Phase III of cost basis legislation.

More information

A Guide to Your 2014 1099 Consolidated Tax Statement

A Guide to Your 2014 1099 Consolidated Tax Statement February 2015 A Guide to Your 2014 1099 Consolidated Tax Statement Your Morgan Stanley 1099 Consolidated Tax Statement is designed to assist you in filing your federal income tax return. It is divided

More information

A guide to your 2014 Consolidated IRS Form 1099

A guide to your 2014 Consolidated IRS Form 1099 Disclosure A guide to your 2014 Consolidated IRS Form 1099 Reporting information About this guide This comprehensive reference guide is designed to help you in filing your federal income tax return. It

More information

Guide To Your USAA Investment Management Company Brokerage Forms 1099 For Tax Year 2015

Guide To Your USAA Investment Management Company Brokerage Forms 1099 For Tax Year 2015 Guide To Your USAA Investment Management Company Brokerage Forms 1099 For Tax Year 2015 We are committed to providing accuracy in reporting tax information related to your USAA brokerage account(s) and

More information

2011 Tax Information Statement reference guide

2011 Tax Information Statement reference guide 2011 Tax Information Statement reference guide Table of contents What s new for 2011 1 General information about your Tax Information Statement 2 Form 1099 Consolidated overview 4 Form 1099-B: Proceeds

More information

FIXED INCOME COST BASIS LEGISLATION AND UNDERSTANDING YOUR CHANGED 1099 FORM

FIXED INCOME COST BASIS LEGISLATION AND UNDERSTANDING YOUR CHANGED 1099 FORM FIXED INCOME COST BASIS LEGISLATION AND UNDERSTANDING YOUR CHANGED 1099 FORM Since the enactment of cost basis legislation many changes have taken place regarding how information is being reported to the

More information

Cost Basis Reporting for Fixed Income

Cost Basis Reporting for Fixed Income Cost Basis Reporting for Fixed Income On April 17, 2013, the IRS released final regulations on cost basis reporting for fixed income and options securities as part of Phase III of cost basis legislation.

More information

TAX ASPECTS OF MUTUAL FUND INVESTING

TAX ASPECTS OF MUTUAL FUND INVESTING Tax Guide for 2015 TAX ASPECTS OF MUTUAL FUND INVESTING INTRODUCTION I. Mutual Fund Distributions A. Distributions From All Mutual Funds 1. Net Investment Income and Short-Term Capital Gain Distributions

More information

2015 MUTUAL FUND TAX GUIDE

2015 MUTUAL FUND TAX GUIDE 2015 MUTUAL FUND TAX GUIDE Table of Contents Dear Valued Shareholder: The purpose of this tax guide is to provide basic information about the 2015 tax forms you have received or that may be provided later

More information

Tax preparation guide for your Putnam accounts

Tax preparation guide for your Putnam accounts Tax preparation guide for your Putnam accounts 2015 Everything you need to know to transfer information from your Putnam tax statements to your IRS tax forms, plus other useful information. Your Putnam

More information

Mutual Fund Tax Guide

Mutual Fund Tax Guide 2010 Mutual Fund Tax Guide TABLE OF CONTENTS Part 1 - Tax Items of Interest... 2-6 Part 2 - Tax Forms... 7-14 Form 1099-DIV...7 Form 1099-B...8 Form 1099-R...9 Form 1099-Q...10 Form 1099-INT...11 Form

More information

Cost Basis Reporting: What You Need to Know for 2014 1

Cost Basis Reporting: What You Need to Know for 2014 1 Cost Basis Reporting: What You Need to Know for 2014 Next Phase Covers Fixed Income and Options Executive Summary Starting in 2014, Phase III of the new cost basis reporting requirements will be implemented

More information

Instructions for Forms 1099-INT and 1099-OID

Instructions for Forms 1099-INT and 1099-OID 2009 Instructions for Forms 1099-INT and 1099-OID Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless This interest is not subject to backup withholding.

More information

Instructions for Form 1099-B

Instructions for Form 1099-B 2015 Instructions for Form 1099-B Proceeds From Broker and Barter Exchange Transactions Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless otherwise

More information

Attention: See IRS Publications 1141, 1167, 1179 and other IRS resources for information about printing these tax forms.

Attention: See IRS Publications 1141, 1167, 1179 and other IRS resources for information about printing these tax forms. Attention: This form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. Do not file copy A downloaded from this website. The official printed version

More information

the new tax package will include information previously provided in K-1s for most of these funds

the new tax package will include information previously provided in K-1s for most of these funds Dear Valued Clients and Tax Advisors: We are very pleased to introduce a new tax reporting format. As always, a tax package will be mailed for each account as soon as the information is finalized. This

More information

Schwab s Revised Form 1099 Composite

Schwab s Revised Form 1099 Composite Schwab s Revised Form 1099 Composite As a result of new tax reporting requirements, in 2012 Schwab will provide investors with updated year-end tax reports. The goal is to simplify tax preparation for

More information

FAQs on Cost-Basis Reporting for Brokers

FAQs on Cost-Basis Reporting for Brokers FAQs on Cost-Basis Reporting for Brokers The IRS published a list of Frequently Asked Questions on the new expanded tax reporting requirement for brokers which include reporting their customer s tax basis

More information

2013 1099 Consolidated Reporting Statement Tax Guide

2013 1099 Consolidated Reporting Statement Tax Guide 2013 1099 Consolidated Reporting Statement Tax Guide Dear Valued Client: The purpose of this guide is to assist you or your tax professional in preparing your 2013 Federal Income Tax Return. IMPORTANT

More information

Vanguard mutual fund and brokerage investors 2015 Form 1099-B instructions

Vanguard mutual fund and brokerage investors 2015 Form 1099-B instructions Vanguard mutual fund and brokerage investors 205 099-B instructions guide to reporting investment capital gains and losses from your 099-B on your tax return (IRS 040 or 040) When you ll receive your s

More information

In connection with your investment at Lending Club, you may receive a Consolidated 1099 Package for 2015 containing certain tax forms.

In connection with your investment at Lending Club, you may receive a Consolidated 1099 Package for 2015 containing certain tax forms. Introduction In connection with your investment at Lending Club, you may receive a Consolidated 1099 Package for 2015 containing certain tax forms. This Tax Guide is designed to provide general information

More information

Original Issue Discount

Original Issue Discount Attention: Copy A of this form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. The official printed version of Copy A of this IRS form is scannable,

More information

Payer's RTN (optional) 1 Interest income. $ 2 Early withdrawal penalty. $ 3 Interest on U.S. Savings Bonds and Treas. obligations

Payer's RTN (optional) 1 Interest income. $ 2 Early withdrawal penalty. $ 3 Interest on U.S. Savings Bonds and Treas. obligations Attention: Copy A of this form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. The official printed version of Copy A of this IRS form is scannable,

More information

HSBC Securities (USA) Inc. Instructions for 1099/5498 Recipients 2008

HSBC Securities (USA) Inc. Instructions for 1099/5498 Recipients 2008 HSBC Securities (USA) Inc. Instructions for 1099/5498 Recipients 2008 Dear Investor, Please note: In June of 2008, Pershing LLC ( Pershing ) became the clearing agent for HSBC Securities (USA) Inc. ( HSBC

More information

Instructions for Form W-8BEN (Rev. February 2006)

Instructions for Form W-8BEN (Rev. February 2006) Instructions for Form W-8BEN (Rev. February 2006) Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding Department of the Treasury Internal Revenue Service If applicable,

More information

How to use your 2014 Form 1099-B from Vanguard. Tax-preparation assistance for our mutual fund and brokerage investors

How to use your 2014 Form 1099-B from Vanguard. Tax-preparation assistance for our mutual fund and brokerage investors ow to use your 2014 Form 1099-B from Vanguard Tax-preparation assistance for our mutual fund and brokerage investors Each year that you have investment capital gains or losses in your nonretirement accounts,

More information

LPL FINANCIAL TURBOTAX 2012 USER GUIDE

LPL FINANCIAL TURBOTAX 2012 USER GUIDE LPL FINANCIAL TURBOTAX 2012 USER GUIDE Content 1. 1099 File Download 1.1. LPL and NestWise 2. 1099 Form Navigation 2.1. 1099-DIV 2.2. 1099-INT 2.3. 1099-B 2.4. 1099-MISC 2.5. 1099-OID 2.6. 1099-R 3. FAQ

More information

$ 6 Reported to IRS: Gross proceeds Net proceeds 8 Profit or (loss) realized in 2015 on closed contracts

$ 6 Reported to IRS: Gross proceeds Net proceeds 8 Profit or (loss) realized in 2015 on closed contracts Attention: This form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. Do not file copy A downloaded from this website. The official printed version

More information

INFORMATION ABOUT THE TURBOTAX PROGRAM AND INTUIT

INFORMATION ABOUT THE TURBOTAX PROGRAM AND INTUIT Terms and Conditions for Downloading Tax Information from Morgan Stanley Online into TurboTax Tax Preparation Software Please read these specific terms and conditions for downloading tax information from

More information

How to Read Your Composite and Year-End Summary Report

How to Read Your Composite and Year-End Summary Report How Read Your Composite and Year-End Summary Report Inside Your Form 099 Composite and Year-End Summary Your Form 099 Composite and Year-End Summary Report contains the information you need do your tax

More information

Allianz Family of Funds

Allianz Family of Funds 00107880 Allianz Family of Funds 2013 Mutual Fund Tax Guide Allianz Family of Funds 2013 Mutual Fund Tax Guide Dear Shareholder: Dear Shareholder: This guide contains general tax information regarding

More information

Vanguard mutual fund investors 2015 Form 1099-DIV instructions

Vanguard mutual fund investors 2015 Form 1099-DIV instructions Vanguard mutual fund investors 2015 Form 1099-DIV instructions A guide to reporting Vanguard mutual fund dividends and capital gains distributions from your 1099-DIV on your tax return (IRS Form 1040 or

More information

2014 Widely Held Fixed Investment Trust (WHFIT) Guide

2014 Widely Held Fixed Investment Trust (WHFIT) Guide 2014 Widely Held Fixed Investment Trust (WHFIT) Guide Member FINRA/SIPC. 2014 Widely Held Fixed Investment Trust (WHFIT) Guide About this guide: This guide contains illustrated examples and explanations

More information

Year-end 2014 tax information

Year-end 2014 tax information This booklet includes information about: forms you may receive... 2 state tax and foreign tax... 3 Roth IRA conversions and recharacterizations... 3 investing your tax refund...4-5 Information may be abridged

More information

Tax Planning for Specific Types of Investments

Tax Planning for Specific Types of Investments SC Financial Group, LLC. 1417 116th Ave NE Suite 202 Bellevue, WA 98004 425-451-2950 Fax: (425) 451-2888 office@scfinancialgroup.com www.scfinancialgroup.com Tax Planning for Specific Types of Investments

More information

Cost basis regulations and you

Cost basis regulations and you Cost basis regulations and you A guide to help you understand the IRS reporting requirements Introduction The Emergency Economic Stabilization Act of 2008 contained new requirements for brokerage firms

More information

Tax rules for bond investors

Tax rules for bond investors Tax rules for bond investors Understand the treatment of different bonds Paying taxes is an inevitable part of investing for most bondholders, and understanding the tax rules, and procedures can be difficult

More information

COMMUNICATING THE IMPACT OF THE NEXT PHASE OF COST BASIS LEGISLATION STARTING IN 2014

COMMUNICATING THE IMPACT OF THE NEXT PHASE OF COST BASIS LEGISLATION STARTING IN 2014 COMMUNICATING THE IMPACT OF THE NEXT PHASE OF COST BASIS LEGISLATION STARTING IN 2014 Financial Advisors and Tax Professionals are encouraged to collaborate, educate, and help clients plan for the next

More information

Information Reporting Forms 1099. Sponsored by Office of Financial Management and Internal Revenue Service December 12, 2012

Information Reporting Forms 1099. Sponsored by Office of Financial Management and Internal Revenue Service December 12, 2012 Information Reporting Forms 1099 Sponsored by Office of Financial Management and Internal Revenue Service December 12, 2012 Information Reporting Form Code Section 1098 6050H 1098-E 6050S 1098-T 6050S

More information

Guide To Your USAA Investment Management Company Understanding Your USAA Mutual Fund IRS Form 1099-B For Tax Year 2013

Guide To Your USAA Investment Management Company Understanding Your USAA Mutual Fund IRS Form 1099-B For Tax Year 2013 Guide To Your USAA Investment Management Company Understanding Your USAA Mutual Fund IRS Form 1099-B For Tax Year IRS Form 1099-B Proceeds from Brokers and Barter Exchange Transactions The amounts indicated

More information

LORD ABBETT SHAREHOLDER TAX GUIDE 2015

LORD ABBETT SHAREHOLDER TAX GUIDE 2015 IMPORTANT TAX INFORMATION LORD ABBETT SHAREHOLDER TAX GUIDE 015 Important Information Needed to Prepare Your 015 Tax Returns 00157676 Please Review Along with Your 1099-DIV and 1099-B Forms 1 Important

More information

Make tax season less taxing.

Make tax season less taxing. Make tax season less taxing. TAX Information to help you determine your 2013 tax-reporting requirements Only when you sell shares acquired from a qualified ESPP does a taxable event occur. Upon selling

More information

Understanding the New Cost Basis Reporting Regulations

Understanding the New Cost Basis Reporting Regulations Understanding the New Cost Basis Reporting Regulations Contents Executive Summary... 1 Introduction...2 Cost Basis 101 A Brief Description...3 The Emergency Economic Stabilization Act of 2008 Proposed

More information

UNITED STATES FEDERAL INCOME TAXATION

UNITED STATES FEDERAL INCOME TAXATION UNITED STATES FEDERAL INCOME TAXATION United States Internal Revenue Service Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that (i) any U.S. tax advice

More information

Form 1099-DIV: Dividends and Distributions... 3. Tax Form Mail Date Extensions... 6. Completing Your IRS Form 1040... 17

Form 1099-DIV: Dividends and Distributions... 3. Tax Form Mail Date Extensions... 6. Completing Your IRS Form 1040... 17 2015 TAX GUIDE Table of Contents Form 1099-DIV: Dividends and Distributions... 3 Tax Form Mail Date Extensions... 6 Completing Your IRS Form 1040... 7 Percentage of Ordinary Dividends From Government Obligations...

More information

2014 Cost Basis Legislation and Tax Reporting

2014 Cost Basis Legislation and Tax Reporting 2014 Cost Basis Legislation and Tax Reporting Fixed Income and Options Advisor Toolkit Table of Contents Introduction....3 2014 Cost Basis tax reporting requirements for fixed income securities....4 Letter

More information

Customer Tax Guide - U.S.A. Debt Securities Equities Withholding Tax Capital Gains Tax Stamp Duty

Customer Tax Guide - U.S.A. Debt Securities Equities Withholding Tax Capital Gains Tax Stamp Duty Customer Tax Guide - U.S.A. Debt Securities Equities Withholding Tax Capital Gains Tax Stamp Duty March 2013 Customer Tax Guide - U.S.A. March 2013 edition Document No. US6065 This document is the property

More information

USA Taxation. 3.1 Taxation of funds. Taxation of regulated investment companies: income tax

USA Taxation. 3.1 Taxation of funds. Taxation of regulated investment companies: income tax USA Taxation FUNDS AND FUND MANAGEMENT 2010 3.1 Taxation of funds Taxation of regulated investment companies: income tax Investment companies in the United States (US) are structured either as openend

More information

Get the most from your Merrill Lynch tax reporting statement

Get the most from your Merrill Lynch tax reporting statement Get the most from your Merrill Lynch tax reporting statement Life s better when we re connected Contents Here s an overview.... 3 What is the Merrill Lynch tax reporting statement?.... 3 Who gets a tax

More information

Instructions for Form 8938 (Rev. December 2014)

Instructions for Form 8938 (Rev. December 2014) Instructions for Form 8938 (Rev. December 2014) Statement of Specified Foreign Financial Assets Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless

More information

COMMUNICATING THE IMPACT OF COST BASIS LEGISLATION

COMMUNICATING THE IMPACT OF COST BASIS LEGISLATION COMMUNICATING THE IMPACT OF COST BASIS LEGISLATION Financial Advisors and Tax Professionals are encouraged to collaborate, educate, and help clients plan for the upcoming tax year. BONDS The IRS has divided

More information

Determining your 2014 stock plan tax requirements a step-by-step guide

Determining your 2014 stock plan tax requirements a step-by-step guide Determining your 201 stock plan tax requirements a step-by-step guide INSIDE How to use the new Supplemental Form to avoid overpaying taxes When you exercise or sell shares acquired from a stock option

More information

Application Procedures for Qualified Intermediary Status Under Section 1441; Final Qualified Intermediary Withholding Agreement

Application Procedures for Qualified Intermediary Status Under Section 1441; Final Qualified Intermediary Withholding Agreement Part III Administrative, Procedural, and Miscellaneous Application Procedures for Qualified Intermediary Status Under Section 1441; Final Qualified Intermediary Withholding Agreement Rev. Proc 2000-12

More information

Shareholder's Instructions for Schedule K-1 (Form 1120S)

Shareholder's Instructions for Schedule K-1 (Form 1120S) 2000 Department Shareholder's Instructions for Schedule K-1 (Form 1120S) Shareholder's Share of Income, Credits, Deductions, etc. (For Shareholder's Use Only) Section references are to the Internal Revenue

More information

DESCRIPTION OF THE PLAN

DESCRIPTION OF THE PLAN DESCRIPTION OF THE PLAN PURPOSE 1. What is the purpose of the Plan? The purpose of the Plan is to provide eligible record owners of common stock of the Company with a simple and convenient means of investing

More information

Ameriprise Brokerage Non-Qualified Account Application For Internal Use Only Account Number

Ameriprise Brokerage Non-Qualified Account Application For Internal Use Only Account Number DOC0105402192 Ameriprise Financial Services, Inc. 70100 Ameriprise Financial Center Minneapolis, MN 55474 Ameriprise Brokerage Non-Qualified Account Application Part 1 Account Owner Details Account Owner

More information

Determining your 2014 stock plan tax requirements a step-by-step guide

Determining your 2014 stock plan tax requirements a step-by-step guide Determining your 201 stock plan tax requirements a step-by-step guide INSIDE How to use the new Supplemental Form to avoid overpaying taxes When you exercise or sell shares acquired from a stock-settled

More information

Invesco Closed-End Funds 2014 Tax Guide

Invesco Closed-End Funds 2014 Tax Guide Invesco Closed-End Funds 2014 Tax Guide What s Inside: Page 1 Year-End Tax Information Tax Forms Distribution Information Page 2 3 Income Breakdown Federal Alternative Minimum Tax (AMT) Information Income

More information

Information Regarding U.S. Federal Income Tax Calculations in connection with the Acquisition of DIRECTV by AT&T

Information Regarding U.S. Federal Income Tax Calculations in connection with the Acquisition of DIRECTV by AT&T Information Regarding U.S. Federal Income Tax Calculations in connection with the Acquisition of DIRECTV by AT&T The following information is provided to illustrate how to determine taxable gain on DIRECTV

More information

Prospectus Ginnie Mae I Construction and Permanent Loan Securities

Prospectus Ginnie Mae I Construction and Permanent Loan Securities Prospectus Ginnie Mae I Construction and Permanent Loan Securities U.S. Department of Housing and Urban Development Government National Mortgage Association Estimated Amount $ % Ginnie Mae I Mortgage-Backed

More information

Instructions for Form 8938

Instructions for Form 8938 2015 Instructions for Form 8938 Statement of Specified Foreign Financial Assets Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless otherwise

More information

Form 1099-DIV: Dividends and Distributions... 3. Tax Form Mail Date Extensions... 6. Completing Your IRS Form 1040... 17

Form 1099-DIV: Dividends and Distributions... 3. Tax Form Mail Date Extensions... 6. Completing Your IRS Form 1040... 17 2014 TAX GUIDE Table of Contents Form 1099-DIV: Dividends and Distributions.... 3 Tax Form Mail Date Extensions.... 6 Completing Your IRS Form 1040.... 7 Percentage of Ordinary Dividends From Government

More information

Linked to the Standard & Poor s 500 SM Index Maturing August 29, 2014

Linked to the Standard & Poor s 500 SM Index Maturing August 29, 2014 Disclosure Statement Supplement for SILC 198 dated August 28, 2009 Disclosure Statement dated July 31, 2009 CUSIP #86789VJP3 Linked to the Standard & Poor s 500 SM Index Maturing August 29, 2014 SUMMARY

More information

Cost basis facts for stock plan participants: How to avoid overpayment

Cost basis facts for stock plan participants: How to avoid overpayment : How to avoid overpayment As an owner or prospective owner of stock through your company s stock plan program and/or employee stock purchase plan (ESPP), it s important that you understand the basics

More information

REQUIREMENT TO FILE FORMS 1099

REQUIREMENT TO FILE FORMS 1099 REQUIREMENT TO FILE FORMS 1099 The Internal Revenue Service ( IRS ) has begun focusing heavily on taxpayer compliance with information reporting laws. In just a few short years, Congress has sharply increased

More information

2014 Newsletter on Form 1099 Reporting

2014 Newsletter on Form 1099 Reporting 2014 Newsletter on Form 1099 Reporting 5656 E. Grant Rd., Suite 200 Tucson, Arizona 85712 520.886.3181 IRS Increases Scrutiny Over 1099 Making 1099 Reporting Easier We encourage you to call us with any

More information

Attention: See IRS Publications 1141, 1167, 1179 and other IRS resources for information about printing these tax forms.

Attention: See IRS Publications 1141, 1167, 1179 and other IRS resources for information about printing these tax forms. Attention: This form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. Do not file copy A downloaded from this website. The official printed version

More information

U.S. Income Tax Return for an S Corporation

U.S. Income Tax Return for an S Corporation Form 1120S U.S. Income Tax Return for an S Corporation Do not file this form unless the corporation has filed or is attaching Form 2553 to elect to be an S corporation. Information about Form 1120S and

More information

Managing Tax Accounting Requirements for Investments

Managing Tax Accounting Requirements for Investments Managing Tax Accounting Requirements for Investments ARF Program Track, Session #106 Speakers: Dave Knight, VP, Product Manager, State Street Global Exchange Drew Westall, Senior Manager, Johnson Lambert

More information

Number, street, and room or suite no. If a P.O. box, see the instructions. City or town, state or province, country, and ZIP or foreign postal code

Number, street, and room or suite no. If a P.O. box, see the instructions. City or town, state or province, country, and ZIP or foreign postal code Form 1065 Department of the Treasury Internal Revenue Service A Principal business activity U.S. Return of Partnership Income For calendar year 2015, or tax year beginning, 2015, ending, 20. Information

More information

FATCA FAQs: Frequently asked questions on the Foreign Account Tax Compliance

FATCA FAQs: Frequently asked questions on the Foreign Account Tax Compliance www.pwc.com/us/fatca July 2011 FATCA FAQs: Frequently asked questions on the Foreign Account Tax Compliance Act 1. What is FATCA? FATCA is an acronym for The Foreign Account Tax Compliance Act (FATCA)

More information

capital gains and dividend income

capital gains and dividend income capital gains and dividend income Managing capital gains and losses can help you save taxes, defer taxes and obtain the highest after-tax yield on your assets. Since the tax rate on short-term capital

More information

US FATCA FAQ and Glossary of FATCA terms

US FATCA FAQ and Glossary of FATCA terms US FATCA FAQ and Glossary of FATCA terms These FAQs are intended to aid you in your understanding how FATCA affects your relationship with UBS. This is not intended as tax advice. If you are uncertain

More information

PARTNERSHIP/LLC TAX ORGANIZER FORM 1065 (LONG VERSION)

PARTNERSHIP/LLC TAX ORGANIZER FORM 1065 (LONG VERSION) PARTNERSHIP/LLC TAX ORGANIZER FORM 1065 (LONG VERSION) Enclosed is an organizer that I (we) provide to our tax clients to assist in gathering the information necessary to prepare the current year tax returns.

More information

Instructions for Schedule D (Form 1065)

Instructions for Schedule D (Form 1065) 2014 Instructions for Schedule D (Form 1065) Capital Gains and Losses Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless otherwise noted. Future

More information

Withholding of Tax on Nonresident Aliens and Foreign Entities

Withholding of Tax on Nonresident Aliens and Foreign Entities Department of the Treasury Internal Revenue Service Publication 515 Cat. No. 15019L Withholding of Tax on Nonresident Aliens and Foreign Entities For use in 2013 Contents What's New... 1 Reminders... 2

More information

Provinces and territories also impose income taxes on individuals in addition to federal taxes

Provinces and territories also impose income taxes on individuals in addition to federal taxes Worldwide personal tax guide 2013 2014 Canada Local information Tax Authority Website Tax Year Tax Return due date Is joint filing possible Are tax return extensions possible Canada Revenue Agency (CRA)

More information

Shareholder's Instructions for Schedule K-1 (Form 1120S)

Shareholder's Instructions for Schedule K-1 (Form 1120S) 2015 Shareholder's Instructions for Schedule K-1 (Form 1120S) Shareholder's Share of Income, Deductions, Credits, etc. (For Shareholder's Use Only) Department of the Treasury Internal Revenue Service Section

More information

Final Cost Basis Regulations Released on Debt Instruments and Option Reporting; Temporary Regulations Change Interest and OID Reporting

Final Cost Basis Regulations Released on Debt Instruments and Option Reporting; Temporary Regulations Change Interest and OID Reporting COKALA Tax Information Reporting Solutions, llc PO Box 2224 Ann Arbor, MI 48106 telephone 734.629.5155 fax 734.428.0702 website www.cokala.com Final Cost Basis Regulations Released on Debt Instruments

More information

1040 U.S. Individual Income Tax Return 2015

1040 U.S. Individual Income Tax Return 2015 Form Department of the Treasury - Internal Revenue Service (99) 040 U.S. Individual Income Tax Return OMB No. 545-0074 For the year Jan. -Dec. 3,, or other tax year beginning,, ending, 20 Your first name

More information

Fax page 2 and IRS Form W-9 or your IRS determination letter to! (877)

Fax page 2 and IRS Form W-9 or your IRS determination letter to! (877) REQUEST FOR SUPPORT FROM: DISASTER FUND PLEASE READ This application is for assisting Petfinder.com members (shelters, placement groups, veterinarians, etc) who are victims of disaster or who are actively

More information

SPDR S&P 500 ETF Trust ( SPY or the Trust ) (A Unit Investment Trust)

SPDR S&P 500 ETF Trust ( SPY or the Trust ) (A Unit Investment Trust) SPDR S&P 500 ETF Trust ( SPY or the Trust ) (A Unit Investment Trust) Principal U.S. Listing Exchange for SPDR S&P 500 ETF Trust: NYSE Arca, Inc. under the symbol SPY Prospectus Dated January 23, 2013

More information

Personal Investments 2012

Personal Investments 2012 Personal Investments 2012 Dividends & Interest Interest Taxable interest will be reported to you by the payer on Form 1099-INT or Form 1099-OID (for the annual taxable portion of the imputed interest on

More information

Instructions for the Requester of Forms W 8BEN, W 8BEN E, W 8ECI, W 8EXP, and W 8IMY (Rev. July 2014)

Instructions for the Requester of Forms W 8BEN, W 8BEN E, W 8ECI, W 8EXP, and W 8IMY (Rev. July 2014) Instructions for the Requester of Forms W 8BEN, W 8BEN E, W 8ECI, W 8EXP, and W 8IMY (Rev. July 2014) Section references are to the Internal Revenue Code unless otherwise noted. Future developments. For

More information

STATE OF WYOMING WOLFS-109(a)

STATE OF WYOMING WOLFS-109(a) STATE OF WYOMING WOLFS-109(a) The State of Wyoming must have a properly completed form before payment will be made. STATE AGENCY INFORMATION Agency #, Agency Name, Contact Name, Title, Address; Phone #

More information

Missouri Lottery Winner Claim Form Official Missouri Lottery Claim Form

Missouri Lottery Winner Claim Form Official Missouri Lottery Claim Form [ STAPLE TICKET HERE ] Missouri Lottery Winner Claim Form Official Missouri Lottery Claim Form A B C PLEASE PRINT your name, address and phone number on the back of your ticket - YOU MUST SIGN YOUR TICKET.

More information

Partner's Instructions for Schedule K-1 (Form 1065)

Partner's Instructions for Schedule K-1 (Form 1065) 2012 Partner's Instructions for Schedule K-1 (Form 1065) Partner's Share of Income, Deductions, Credits, etc. (For Partner's Use Only) Department of the Treasury Internal Revenue Service Section references

More information

2012 Widely Held Fixed Investment Trust (WHFIT) Guide

2012 Widely Held Fixed Investment Trust (WHFIT) Guide 2012 Widely Held Fixed Investment Trust (WHFIT) Guide The purpose of this 2012 Tax Guide supplement is to inform you of the Internal Revenue Service (IRS) regulations for Widely Held Fixed Investment Trusts

More information

Request for Taxpayer Identification Number and Certification

Request for Taxpayer Identification Number and Certification Form W-9 (Rev. December 2014) Department of the Treasury Internal Revenue Service Request for Taxpayer Identification Number and Certification 1 Name (as shown on your income tax return). Name is required

More information