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

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

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

Transcription

1 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 will be as early as next week for some clients accounts. For those accounts which hold common trust funds, the new tax package will include information previously provided in K-1s for most of these funds. These tax packages will be mailed by the end of the first week of March, approximately two weeks earlier from prior years for those clients owning common trust fund units. Additionally, all tax packages will include fee and expense data which should eliminate the need to scroll through year-end statements for this information. To provide you an opportunity to become familiar with and ask any questions regarding the new 1099 package, we are pleased to provide you this sample. There is a considerable amount of information on page 2, so we encourage you to review it carefully. In particular, please note that all common trust fund income and expense information, with the exception of that information attributable to the Credit Opportunity Fund, is included in this package and listed on a fund by fund basis as Not Reported on This is the same information that will be reported to the IRS and should be used in preparation of your or your client s trust s income tax return. Because the reportable information for these common trust funds is included, K-1s will not be provided but will be available upon request shortly after April 15 th. Other Diversified Trust strategies for which K-1s do remain outstanding, however, will be listed on the Tax Information Statement included in the 1099 package along with an estimate of when those K-1s will be available. Many clients have historically provided accountants with annual statements to retrieve fee, expense and distribution information. All investment management and custody fees are summarized in the 1099 package under Other Deductions Subject to 2% Limitation. Other potentially deductible items are included under Deductions. Deductibility should be determined by the trust s 1041 preparer. Additionally, disbursements identified as distributions made to or on behalf of beneficiaries are summarized in the Tax Summary and are also listed individually. These items as well as those listed as Deductions should be reviewed carefully to ensure proper treatment on the trust s An additional item that may be helpful is the Computation of Expenses Allocable to Federal Tax Exempt Income which can be found toward the end of the package. All information referenced in this paragraph is provided as a courtesy only and is not reported to the IRS. While this 1099 package will be generated for the vast majority of our clients, there will be some exceptions. For any accounts that are custodied with Charles Schwab & Company, Schwab will continue to generate the requisite tax reporting. Additionally, beneficiaries of most irrevocable trusts of which Diversified Trust serves as trustee or co-trustee will also continue to receive beneficiary K-1s. Because of the earlier availability of tax information for those CPAs preparing the tax returns for those trusts, we would anticipate your receipt of those K-1s earlier than in prior years. We are excited about these improvements and the efficiencies they create. We welcome your questions and your comments and, as always, we value our relationship with you. DIVERSIFIED TRUST

2 S Page 1 of 24 From: DIVERSIFIED TRUST COMPANY, INC 6075 POPLAR AVENUE, SUITE 900 MEMPHIS, TN Contents Letter 2 Tax Summary 4 Combined Year-End 1099 Forms 6 Form 1099-B: Proceeds from Broker and Barter Exchange Transactions 7 Dividends and Interest Detail 10 Other Tax Information 17 Payments/Receipts Made on Behalf of Form Instructions for Recipient 22 Mail to: If a copy of the 1099 was sent to anyone other than the "Mail to" name and address, the name will be noted here.

3 - Page 2 of 24 We are pleased to provide you with this Tax Information Statement to assist you in the preparation of the Fiduciary Income Tax Returns for this trust. Please review this page carefully, as the information included with this 1099 package is much more extensive than the 1099s previously provided. Perhaps most importantly, DTC common trust fund ("CTF") income and expense items reported to the IRS on K-1s, other than those attributable to the DTC Credit Opportunity Fund, are reported to the trust herein as items "Not Reported on 1099". The first section in this package summarizes the information reported to the IRS via 1099 and adds to those amounts the items "Not Reported on 1099" to generate a total of all reportable items. The trust s 1099s and additional detail behind both the 1099s and items "Not Reported on 1099" follow. All amounts should be reported on the appropriate schedules of the trust s Fiduciary Income Tax Return and (if applicable) State Fiduciary Income Tax Return. The name of the 1099 Payer is shown at the top of each 1099 form, and CTF Payer information for each common trust fund is below. Because K-1 tax information is included herein, K-1s for these CTFs will not be provided but will be available upon request shortly after April 15th. No state income tax was paid from any CTF on behalf of its participants. Please note that international income and withholding items attributable to each CTF are presented as "VARIOUS". All foreign income should be treated as passive for foreign tax credit purposes. The percentage of common trust fund expenses attributable to foreign source income is for the International Equity CTF, for the Large Cap U.S. Equity CTF, and for the Small/Mid Cap U.S. Equity CTF. Per country detail for all international items is available by contacting Diversified Trust. Please note that income and expenses related to the DTC Credit Opportunity Fund and other partnerships will be reported to the trust on separate K-1(s) and will be mailed to you directly from each partnership. A list of

4 - Page 3 of 24 these partnerships (excluding certain family and private party partnerships) is included in the Tax Summary. Additionally, please note that sales of partnership units are reported on the 1099 as cost basis unknown. With the exception of the Credit Opportunity Fund, basis on these sales will need to be maintained based on the partnership K-1 information. Please consult the trust s tax advisor for proper reporting. The trust s Tax Summary also includes information regarding potentially deductible items. Investment Management or Custody Fees and Expenses are listed as "Other Deductions Subject to 2%Limitation," and other potentially deductible items are included under "Deductions". Deductibility should be determined by the trust s 1041 preparer. Payments identified as being made to or on behalf of beneficiaries are summarized in the Tax Summary and are also listed individually. These items as well as those listed as "Deductions" should be reviewed carefully to ensure proper treatment on the trust s Please forward this Tax Information Statement to the preparer of the trust s If you have any questions or need any additional information, please do not hesitate to contact us.

5 - Page 4 of 24 Tax Summary Listed below is a summarization of all items posted to your account. It includes items reported to the IRS on 1099 Forms INT, DIV, B and OID, items reported to the IRS by individual payers, and miscellaneous information you may need in the preparation of your federal and state income tax returns. INCOME Differences between amounts Reported on Combined 1099 and Total represent CTF information detailed in the following pages. Reported on Combined 1099 Domestic Dividends: Total for year $39, $55, Qualified $2, $18, Exempt Interest Dividends (not subject to Alt Min Tax): Non-taxable in Georgia $0.01 $0.01 Taxable in Georgia $17.26 $17.26 Exempt-interest Dividends (subject to Alt Min Tax): Taxable in Georgia $0.04 $0.04 Domestic Interest $0.00 $5.89 Short Term Gains and Losses: Common Trust Fund Gain/Loss (N/A) -$2, Other Short Term (Basis information reported to the IRS): Sales Price $157, $157, Cost or other basis $167, $167, Net gain/loss (N/A) -$9, Long Term Gains and Losses: Capital Gain Distributions: Capital gain distributions $10, $10, Common Trust Fund Gain/Loss (N/A) $51, Other Long Term (Basis information reported to the IRS): Sales Price $159, $159, Cost or other basis $142, $142, Market discount $0.00 $0.00 Net gain/loss (N/A) $16, Other Long Term (Basis information not reported to the IRS): Sales Price $263, $263, Cost or other basis (N/A) $228, Total

6 - Page 5 of 24 INCOME Reported on Combined 1099 Total Net gain/loss (N/A) $35, Other Income (N/A) $2, DEDUCTIONS Deductions will typically include fees, expenses, and state income taxes. See details in pages that follow. Gross Amount Allocated to Tax- Exempt Income Net Amount State Income Taxes $8, Agency Fees $26, $8.00 $26, Attorney, Accountant and Tax Preparer Fees $1, $0.00 $1, Other Deductions Subject to 2% Limitation $26, $7.85 $26, MISCELLANEOUS Reported on 1099 Total Nondividend Distributions $7, $7, Payments listed as being made on behalf of the trust Payments/Receipts Made on Behalf of represent payments to or for MARITAL TRUST a beneficiary. See Payments details in Receipts pages that follow. The following items from the account are presented to assist you in the preparation of your individual tax return. Transactions have been summarized under three general headings of, where applicable, Medical expenses, Taxes paid and Miscellaneous. They are intended to cover those items the account paid on your behalf during the tax year that you may want to consider for your individual tax return. We recommend that you check your statement of transactions for any corrections or additions. Miscellaneous $142, $0.00 OTHER INFORMATION Please review Other Information carefully. This section may include information specific to this taxpayer. Based on information provided by the client, disbursements from this trust have generally been classified as either trust expenses or beneficiary distributions. Deductible trust expenses, including state income taxes and state income tax estimates, are summarized above as Deductions. Distributions to or for beneficiaries are summarized as Payments/Receipts Made on Behalf of this trust. Such payments are detailed below. Because Federal income taxes and income tax estimates paid by the trust are neither deductions nor payments on behalf of a beneficiary, they are not reflected herein. Please contact Diversified Trust if any additional information is needed for proper completion of the trust s Note that because Federal income tax payments and estimates paid by the trust are neither deductions nor payments on behalf of a beneficiary, they are not listed in this document.

7 - Payer s Name and Address: DIVERSIFIED TRUST COMPANY, INC 6075 POPLAR AVENUE, SUITE 900 MEMPHIS, TN Tax Information Statement Account Number: Recipient s Payer s Federal ID Number: Corrected Form 1099-DIV Dividends and Distributions OMB No a Total ordinary dividends $39, b Qualified dividends $2, a Total capital gain distributions $10, b Unrecaptured Section 1250 Gain 2c Section 1202 gain 2d Collectibles (28%) gain 3 Nondividend distributions $7, Federal income tax withheld 5 Investment expenses 6 Foreign tax paid 7 Foreign country or U.S. possession 8 Cash liquidation distributions 9 Non-cash liquidation distributions 10 Exempt-interest dividends $ Specified private activity bond interest dividends $ State GA 13 State identification number 14 State tax withheld 2nd TIN notice 2014 Combined Year-End 1099 Forms Recipient s Name and Address: 456 MAIN STREET ANYWHERE, USA Form 1099-INT Interest Income OMB No Interest income 2 Early withdrawal penalty 3 Interest on U.S. Savings Bonds and Treasury obligations 4 Federal income tax withheld 5 Investment expenses 6 Foreign tax paid 7 Foreign country or U.S. possession 8 Tax-exempt interest 9 Specified private activity bond interest 10 Market discount 11 Bond premium 12 Tax-exempt bond CUSIP no. 13 State 14 State identification number 15 State tax withheld Page 6 of 24 This page includes only those income items that are reported to the IRS via a Other items of income that are reported otherwise to the IRS are listed on the following pages as "Not Reported on Form 1099" and should be reported on the trust's income tax return. Summary of Form 1099-B Proceeds from Broker and Barter Exchange Transactions 1d Proceeds $580, e Cost or other basis $310, g Adjustments 4 Federal income tax withheld 8 Profit or (loss) realized in 2014 on closed contracts 9 Unrealized profit or (loss) on open contracts Unrealized profit or (loss) on open contracts Aggregate profit or (loss) on contracts Sales Price less commissions and option premiums from each sale transaction are reported individually to the IRS. Refer to the 1099-B section of this Tax Information Statement. Summary of Form 1099-OID Original Issue Discount 1 Original issue discount for Other periodic interest 3 Early withdrawal penalty 4 Federal income tax withheld 5 Market discount 6 Acquisition premium 8 Original issue discount on US Treasury obligations 9 Investment expenses Original Issue Discount Amounts are reported individually to the IRS. Refer to the 1099-OID section of this Tax Information Statement. This is important tax information and is being furnished to the Internal Revenue Service (except as indicated). If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported.

8 - Payer s Name and Address: DIVERSIFIED TRUST COMPANY, INC 6075 POPLAR AVENUE, SUITE 900 MEMPHIS, TN Tax Information Statement Account Number: Recipient s Payer s Federal ID Number: Payer s State ID Number: State: GA Recipient s Name and Address: 456 MAIN STREET ANYWHERE, USA Page 7 of 24 Corrected 2nd TIN notice Reported to the IRS is proceeds less commissions and option premiums. Covered (Box 5 is not checked) Description of property (Box 1a) 2014 Form 1099-B: Proceeds from Broker and Barter Exchange Transactions OMB No The cost basis on certain assets is required to be reported to the IRS while cost on others is not. "Covered" indicates that cost basis is required to be reported. Federal State Cusip Date Sold Date Form 8949 Cost or Code Net Gain Income Tax Number or Disposed Acquired Checkbox Proceeds Other Basis if any Adjustments or Loss Tax Withheld Withheld (Box 1c) (Box 1b) (Box 1d) (Box 1e) (Box 1f) (Box 1g) (Box 4) (Box 16) Short Term Sales Reported on 1099-B ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I # Y579 12/30/ /29/2014 A 77, , , LEGG MASON BW GLOBAL OPPORTUNITIES BOND FUND CLASS I # /29/ /29/2013 A 26, , , LOOMIS SAYLES SENIOR FLOATING RATE AND FIXED INCOME FUND CL Y # T554 04/29/ /30/2013 A 26, , PIMCO INCOME FUND - INS # F490 04/29/ /30/2013 A 26, , Total Short Term Sales Reported on 1099-B 157, , , Report on Form 8949, Part I, with Box A checked Long Term Sales Reported on 1099-B LOOMIS SAYLES SENIOR FLOATING RATE AND FIXED INCOME FUND CL Y # T554 12/30/ /30/2013 D 50, , , OPPENHEIMER STEELPATH MLP SELECT 40 FUND CL Y /29/ /28/2012 D 16, , , This is important tax information and is being furnished to the Internal Revenue Service (except as indicated). If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. The taxpayer is ultimately responsible for the accuracy of their own tax return.

9 - Payer s Name and Address: DIVERSIFIED TRUST COMPANY, INC 6075 POPLAR AVENUE, SUITE 900 MEMPHIS, TN Tax Information Statement Account Number: Recipient s Payer s Federal ID Number: Payer s State ID Number: State: GA Recipient s Name and Address: 456 MAIN STREET ANYWHERE, USA Page 8 of 24 Corrected 2nd TIN notice 2014 Form 1099-B: Proceeds from Broker and Barter Exchange Transactions Reported to the IRS is proceeds less commissions and option premiums. Covered (Box 5 is not checked) Description of property (Box 1a) OMB No Federal State Cusip Date Sold Date Form 8949 Cost or Code Net Gain Income Tax Number or Disposed Acquired Checkbox Proceeds Other Basis if any Adjustments or Loss Tax Withheld Withheld (Box 1c) (Box 1b) (Box 1d) (Box 1e) (Box 1f) (Box 1g) (Box 4) (Box 16) OPPENHEIMER STEELPATH MLP SELECT 40 FUND CL Y /29/ /28/2012 D 50, , , OPPENHEIMER STEELPATH MLP SELECT 40 FUND CL Y /30/2014 Various D 13, , , PIMCO INCOME FUND - INS # F490 12/30/ /30/2013 D 28, , Total Long Term Sales Reported on 1099-B 159, , , Report on Form 8949, Part II, with Box D checked This is important tax information and is being furnished to the Internal Revenue Service (except as indicated). If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. The taxpayer is ultimately responsible for the accuracy of their own tax return.

10 - Payer s Name and Address: DIVERSIFIED TRUST COMPANY, INC 6075 POPLAR AVENUE, SUITE 900 MEMPHIS, TN Tax Information Statement Account Number: Recipient s Payer s Federal ID Number: Payer s State ID Number: State: Corrected GA 2nd TIN notice Recipient s Name and Address: 456 MAIN STREET ANYWHERE, USA Page 9 of Form 1099-B: Proceeds from Broker and Barter Exchange Transactions OMB No Reported to the IRS is proceeds less commissions and option premiums. For noncovered securities (Box 5 is checked) shown on this statement, cost basis information is not being reported to the IRS. Cost or Other Basis amounts shown with a "U" are unknown or unsubstantiated. Description of property (Box 1a) If basis is not required to be reported to the IRS, the asset is considered "noncovered" and only the proceeds from the sale are reported. Federal State CUSIP Date Sold Date Form 8949 Cost or Code Net Gain Income Tax Number or Disposed Acquired Checkbox Proceeds Other Basis if any Adjustments or Loss Tax Withheld Withheld (Box 1c) (Box 1b) (Box 1d) (Box 1e) (Box 1f) (Box 1g) (Box 4) (Box 16) Long Term Sales Reported on 1099-B DTC EQUITY OPPORTUNITY FUND COMMON CF Various 04/30/2014 E 72, , , NATIXIS GATEWAY FUND CLASS Y # /29/2014 Various E 124, , , OPPENHEIMER STEELPATH MLP SELECT 40 FUND CL Y /30/ /29/2010 E 17, , , PIMCO ALL ASSET FUND CLASS I # /29/ /17/2010 E 32, , SMALL/MID CAP US EQUITY FUND CF /30/2014 Various E 17, , Total Long Term Sales Reported on 1099-B 263, , , Report on Form 8949, Part II, with Box E checked If the cost basis of the asset is unknown, a "U" will follow the amount reflected as basis. While cost reflected without a "U" on the noncovered securities schedule is not reported to the IRS, we believe the information to be accurate. This is important tax information and is being furnished to the Internal Revenue Service (except as indicated). If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. For noncovered securities shown on this statement, cost basis information is not being reported to the Internal Revenue Service. The taxpayer is ultimately responsible for the accuracy of their own tax return.

11 - Page 10 of 24 Qualified Dividends Qualified Domestic Dividends Dividends and Interest Detail Description Amount of dividend Reported on Form 1099-DIV ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I # FPA CRESCENT PORTFOLIO FUND CLASS I # PIMCO ALL ASSET FUND CLASS I # PIMCO INCOME FUND - INS # THE RIVERNORTH CORE OPPORTUNITY FUND INV 1, WHITEBOX TACTICAL OPPORTUNITIES FUND - INS Common trust fund items, where applicable, will be reflected as "Not Total Reported on Form 1099-DIV $2, Not Reported on Form 1099-DIV Reported on Form 1099" and will be DTC EQUITY OPPORTUNITY FUND COMMON 3, listed separately for each fund. INTERNATIONAL EQUITY FUND 7, LARGE CAP US EQUITY FUND 4, SMALL/MID CAP US EQUITY FUND Total Not Reported on Form 1099-DIV $16, Total Qualified Domestic Dividends $18, Total Qualified Dividends included on 1099-DIV box 1a and 1b $2, Non-Qualified Dividends

12 - Page 11 of 24 Non-Qualified Domestic Dividends Description Amount of dividend Reported on Form 1099-DIV ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I #266 2, FPA CRESCENT PORTFOLIO FUND CLASS I # LEGG MASON BW GLOBAL OPPORTUNITIES BOND FUND CLASS I #2281 5, LOOMIS SAYLES SENIOR FLOATING RATE AND FIXED INCOME FUND CL Y # , PIMCO ALL ASSET FUND CLASS I #34 5, PIMCO INCOME FUND - INS #1821 7, PIMCO INCOME FUND - INS # THE RIVERNORTH CORE OPPORTUNITY FUND INV WHITEBOX TACTICAL OPPORTUNITIES FUND - INS Total Reported on Form 1099-DIV $36, Total Non-Qualified Domestic Dividends $36, Total Non-Qualified Dividends included in Form 1099-DIV box 1a $36, Short-Term Common Trust Fund Gain/Loss Description Gains and losses attributable to sales of common trust fund units within the account, if any, will be reflected on a Form 1099-B that will be included in this package. The gains reflected to the left are pass-through gains from the common trust funds that historically have Amount of gain/loss Not Reported on Form 1099-DIV DTC EQUITY OPPORTUNITY FUND COMMON been reported on K-1s. INTERNATIONAL EQUITY FUND

13 - Page 12 of 24 Short-Term Common Trust Fund Gain/Loss Description Amount of gain/loss LARGE CAP US EQUITY FUND SMALL/MID CAP US EQUITY FUND -2, Total Not Reported on Form 1099-DIV -$2, Total Short-Term Common Trust Fund Gain/Loss -$2, Capital Gain Distributions Description Amount of dividend Reported on Form 1099-DIV ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I #266 4, FPA CRESCENT PORTFOLIO FUND CLASS I #134 2, LEGG MASON BW GLOBAL OPPORTUNITIES BOND FUND CLASS I # PIMCO INCOME FUND - INS # THE RIVERNORTH CORE OPPORTUNITY FUND INV 1, WHITEBOX TACTICAL OPPORTUNITIES FUND - INS Total Reported on Form 1099-DIV $10, Total capital gain distributions $10,061.89

14 - Page 13 of 24 Long-Term Common Trust Fund Gain/Loss Description Gains and losses attributable to sales of common trust fund units within the account, if any, will be reflected on a Form 1099-B that will be included in this package. The gains reflected to the left are pass-through gains from the common trust funds that historically have Amount of gain/loss Not Reported on Form 1099-DIV DTC EQUITY OPPORTUNITY FUND COMMON 11, been reported on K-1s. INTERNATIONAL EQUITY FUND 15, LARGE CAP US EQUITY FUND 12, SMALL/MID CAP US EQUITY FUND 13, Total Not Reported on Form 1099-DIV $51, Total Long-Term Common Trust Fund Gain/Loss $51, Nondividend Distributions Description Amount of dividend Reported on Form 1099-DIV OPPENHEIMER STEELPATH MLP SELECT 40 FUND CL Y 7, Total Reported on Form 1099-DIV $7, Total Nondividend Distributions $7,716.54

15 - Page 14 of 24 Exempt interest dividends non-taxable in Georgia (not subject to Alt Min Tax) Investment Amount of Description expense dividend Reported on Form 1099-DIV Georgia FEDERATED TAX FREE INST TR # Total for Georgia $0.01 Total Reported on Form 1099-DIV box 10 $0.01 Totals $0.01 Exempt interest dividends taxable in Georgia (not subject to Alt Min Tax) Investment Amount of Description expense dividend Reported on Form 1099-DIV Various FIDELITY TAX EXEMPT MONEY MARKET # FEDERATED TAX FREE INST TR # Total for Various $17.25 Tennessee FEDERATED TAX FREE INST TR # Total for Tennessee $0.01 Total Reported on Form 1099-DIV box 10 $17.26

16 - Page 15 of 24 Exempt interest dividends taxable in Georgia (not subject to Alt Min Tax) Investment Amount of Description expense dividend Totals $17.26 Exempt interest dividends taxable in Georgia (subject to Alt Min Tax) Description Amount of dividend Reported on Form 1099-DIV Various FEDERATED TAX FREE INST TR # Total for Various $0.04 Total Reported on Form 1099-DIV box 10 and 11 $0.04 Totals $0.04 Interest

17 - Page 16 of 24 Domestic Interest Amount of Amount of Amount of Description market discount bond premium interest Not Reported on Form 1099-INT DTC EQUITY OPPORTUNITY FUND COMMON 1.51 INTERNATIONAL EQUITY FUND 2.84 LARGE CAP US EQUITY FUND 0.85 SMALL/MID CAP US EQUITY FUND 0.69 Total Not Reported on Form 1099-INT $5.89 Total Domestic Interest $5.89

18 - Page 17 of 24 Other Income Other Tax Information Description Amount of income State Tax Refund - Principal 2, Total other income 2, Deductions Agency Fees Description Amount of expense Available for allocation to tax exempt income Trustee/Executor Fees-Income (allocable) 13, Trustee/Executor Fees-Principal (allocable) 13, Total available for allocation to tax exempt income 26, Total Agency Fees 26, Attorney, Accountant, and Tax preparer Fees This page will include information regarding fees and expenses deducted from this account and may include other items of tax significance paid on the trust's behalf directly from the account. Information regarding trust expenses is being provided as a courtesy and should not replace the tax preparer's reliance upon information provided by the client. Description Amount of expense Not available for allocation to tax exempt income Tax Preparation Fee (non-allocable) 1, Total not available for allocation to tax exempt income 1, Total Attorney, Accountant, and Tax preparer Fees 1,136.60

19 - Page 18 of 24 Other Deductions Subject to 2% Limitation Description Amount of expense Available for allocation to tax exempt income Investment Management Fees 26, Fees and expenses attributable to Total available for allocation to tax exempt income 26, Not available for allocation to tax exempt income common trust funds will be listed SMALL/MID CAP US EQUITY FUND here. Historically this information has been provided on a K-1. Total not available for allocation to tax exempt income Total Other Deductions Subject to 2% Limitation 26,301.57

20 - Page 19 of 24 Payments/Receipts Made on Behalf of The following transactions from the account are presented to assist you in the preparation of your individual tax return. Transactions are shown under three general headings of, where applicable, Medical Expenses, Taxes Paid and Miscellaneous. They are intended to cover those items the account paid on your behalf during the tax year that you may want to consider for your individual tax return. We recommend that you check your statement of transactions for any corrections or additions. Miscellaneous Date Description Payments Receipts Other Disbursements 01/24/2014 Other Disbursements CASH DISBURSEMENT INCOME DISTRIBUTION ACH-ING MONTHLY DISBURSEMENT TO 3, /31/2014 Other Disbursements CASH DISBURSEMENT PRINCIPAL DISTRIBUTION TO SUSAN JONES FOR DOWN PAYMENT ON NEW HOME 02/24/2014 Other Disbursements CASH DISBURSEMENT INCOME DISTRIBUTION ACH-ING MONTHLY DISBURSEMENT TO 03/24/2014 Other Disbursements MAIN STREET BANK, ANYWHERE, USA MONTHLY DISBURSEMENT TO FBO 04/24/2014 Other Disbursements MAIN STREET BANK, ANYWHERE, USA MONTHLY DISBURSEMENT TO FBO 05/23/2014 Other Disbursements MAIN STREET BANK, ANYWHERE, USA MONTHLY DISBURSEMENT TO FBO 80, , , , ,500.00

21 - Page 20 of 24 Date Description Payments Receipts 06/09/2014 Other Disbursements MAIN STREET BANK DISTRIBUTION OF RETAINED INCOME 07/31/2014 Other Disbursements MAIN STREET BANK MONTHLY INCOME DISTRIBUTION 08/29/2014 Other Disbursements MAIN STREET BANK MONTHLY INCOME DISTRIBUTION 09/30/2014 Other Disbursements MAIN STREET BANK MONTHLY INCOME DISTRIBUTION 10/31/2014 Other Disbursements MAIN STREET BANK MONTHLY INCOME DISTRIBUTION 11/28/2014 Other Disbursements MAIN STREET BANK MONTHLY INCOME DISTRIBUTION 12, , , , , , /31/2014 Other Disbursements 6, MAIN STREET BANK MONTHLY INCOME DISTRIBUTION Total Other Disbursements 142, Total Miscellaneous 142,445.81

22 - Page 21 of 24 Computation of Expenses Allocable to Federal Tax Exempt Income 1. Tax exempt income $ Gross taxable income $57, Total income $57, Allocable expenses $53, Agency fees $26, Other deductions subject to 2% limitation $26, Expenses allocated to TEI (line 1/line 3 * line 4) $ Expenses allocated to taxable income (line 4 - line 5) $53,068.85

23 - Page 22 of 24 Recipient s identification number. For your protection, this form may show only the last four digits of your social security number (SSN), individual taxpayer identification number (ITIN), or adoption taxpayer identification number (ATIN). However, the issuer has reported your complete identification number to the IRS and, where applicable, to state and/or local governments. Account Number. May show an account or other unique number the payer assigned to distinguish your account. Box 1a. Shows total ordinary dividends that are taxable. Include this amount on line 9a of Form 1040 or 1040A. Also, report it on Schedule B (1040A or 1040), if required. Box 1b. Shows the portion of the amount in box 1a that may be eligible for reduced capital gains rates. See Form 1040/1040A instructions for how to determine this amount. Report the eligible amount on line 9b, Form 1040 or 1040A. The amount shown may be dividends a corporation paid directly to you as a participant (or beneficiary of a participant) in an employee stock ownership plan (ESOP). Report it as a dividend on your Form 1040/1040A but treat it as a plan distribution, not as investment income, for any other purpose. Box 2a. Shows total capital gain distributions from a regulated investment company or real estate investment trust. Report the amounts shown in box 2a on Schedule D (Form 1040), line 13. But, if no amount is shown in boxes 2c-2d and your only capital gains and losses are capital gain distributions, you may be able to report the amounts shown in box 2a on line 13 of Form 1040 (line 10 of Form 1040A) rather than Schedule D. See the Form 1040/1040A instructions. Box 2b. Shows the portion of the amount in box 2a that is unrecaptured section 1250 gain from certain depreciable real property. Report this amount on the Unrecaptured Section 1250 Gain Worksheet-Line 19 in the Schedule D instructions (Form 1040). Box 2c. Shows the portion of the amount in box 2a that is section 1202 gain from certain small business stock that may be subject to an exclusion. See the Schedule D (Form 1040) instructions. Dividends and Distributions - Form 1099-DIV Instructions for Recipient Box 2d. Shows 28% rate gain from sales or exchanges of collectibles. If required, use this amount when completing the 28% Rate Gain Worksheet-Line 18 in the instructions for Schedule D (Form 1040). Box 3. Shows the part of the distribution that is nontaxable because it is a return of your cost (or other basis). You must reduce your cost (or other basis) by this amount for figuring gain or loss when you sell your stock. But if you get back all your cost (or other basis), report future distributions as capital gains. See Pub. 550, Investment Income and Expenses. Box 4. Shows backup withholding. A payer must backup withhold on certain payments if you did not give your taxpayer identification number to the payer. See Form W-9, Request for Taxpayer Identification Number and Certification, for information on backup withholding. Include this amount on your income tax return as tax withheld. Box 5. Shows your share of expenses of a nonpublicly offered regulated investment company, generally a nonpublicly offered mutual fund. If you file Form 1040, you may deduct these expenses on the "Other expenses" line on Schedule A (Form 1040) subject to the 2% limit. This amount is included in box 1a. Box 6. Shows the foreign tax that you may be able to claim as a deduction or a credit on Form See the Form 1040 instructions. Box 7. This box should be left blank if a regulated investment company reported the foreign tax shown in box 6. Boxes 8 and 9. Shows cash and noncash liquidation distributions. Box 10. Shows exempt-interest dividends from a mutual fund or other regulated investment company paid to you during the calendar year. Include this amount on line 8b of Form 1040 or 1040A as tax-exempt interest. This amount may be subject to backup withholding. See box 4. Box 11. Shows exempt-interest dividends subject to the alternative minimum tax. This amount is included in box 10. See the Instructions for Form Boxes State income tax withheld reporting boxes. Nominees. If this form includes amounts belonging to another person, you are considered a nominee recipient. You must file Form 1099-DIV (with a Form 1096) with the IRS for each of the other owners to show their share of the income, and you must furnish a Form 1099-DIV to each. A spouse is not required to file a nominee return to show amounts owned by the other spouse. See the 2014 General Instructions for Certain Information Returns. Future developments. For the latest information about the developments related to Form 1099-DIV and its instructions, such as legislation enacted after they were published, go to

24 - Page 23 of 24 Brokers and barter exchanges must report proceeds from (and in some cases, basis for) transactions to you and the IRS on Form 1099-B. Reporting is also required when your broker knows or has reason to know that a corporation in which you own stock has had a reportable change in control or capital structure. You may be required to recognize gain from the receipt of cash, stock, or other property that was exchanged for the corporation s stock. If your broker reported this type of transaction to you, the corporation is identified in the box 1a. Recipient s identification number. For your protection, this form may show only the last four digits of your social security number (SSN), individual taxpayer identification number (ITIN), or adoption taxpayer identification number (ATIN). However, the issuer has reported your complete identification number to the IRS and, where applicable, to state and/or local governments. Account Number. May show an account or other unique number the payer assigned to distinguish your account. CUSIP number. Shows the CUSIP (Committee on Uniform Security Identification Procedures) number or other applicable identifying number. Applicable check box on Form Indicates where to report this transaction on Form 8949 and Schedule D, and which check box is applicable. See the instructions for your Schedule D and/or Form Box 1a. Shows a brief description of the item or service for which amounts are being reported. For regulated futures contracts and forward contracts, "RFC" or other appropriate description may be shown. For Section 1256 option contracts, "Section 1256 option" or other appropriate description may be shown. For a corporation that had a reportable change in control or capital structure, this box may show the class of stock as C (common), P (preferred), or O (other). Box 1c. Shows the trade date of the sale or exchange. For short sales, the date shown is the date the security was delivered to close the short sale. For aggregate reporting in boxes 8 through 11, no entry will be present. Proceeds from Broker and Barter Exchange Transactions - Form 1099-B Instructions for Recipient Box 1d. Shows the cash proceeds, reduced by any commissions or transfer taxes related to the sale, for transactions involving stocks, debt, commodities, forward contracts, non-section 1256 option contracts, or securities futures contracts. May show the proceeds from the disposition of your interest(s) in a widely held fixed investment trust. May also show aggregate amount of cash and the fair market value of any stock or other property received in a reportable change in control or capital structure arising from the corporate transfer of property to a foreign corporation. Losses on forward contracts or non-section 1256 option contracts are shown in parentheses. This box does not include proceeds from regulated futures contracts or Section 1256 option contracts. Report this amount on Form 8949 or on Schedule D (whichever is applicable) as explained in the instructions for Schedule D. Box 1e. Shows the cost or other basis of securities sold. If the securities were acquired through the exercise of a non-compensatory option granted or acquired on or after January 1, 2014, the basis has been adjusted to reflect your option premium. If the securities were acquired through the exercise of a non-compensatory option granted or acquired before January 1, 2014, your broker is permitted, but not required, to adjust the basis to reflect your option premium. If the securities were acquired through the exercise of a compensatory option, the basis has not been adjusted to include any amount related to the option that was reported to you on a Form W-2. If box 5 is checked, box 1e may be blank. See the Instructions for Form 8949, Instructions for Schedule D, or Pub. 550 for details. Box 1f. Shows W for wash sale, C for collectibles, or D for market discount. Box 1g. Shows the amount of nondeductible loss in a wash sale transaction or the amount of accrued market discount. For details on wash sales and market discount, see Schedule D (Form 1040) instructions and Pub Box 3. If checked, the basis in box 1e has been reported to the IRS and one of the check boxes in box 2 must be checked. If box 3 is checked on Form(s) 1099-B and NO adjustment is required, see instructions for your Schedule D as you may be able to report your transaction directly on Schedule D. Box 4. Shows backup withholding. Generally, a payer must backup withhold if you did not furnish your taxpayer identification number to the payer. See Form W-9 for information on backup withholding. Include this amount on your income tax return as tax withheld. Box 5. If checked, the securities sold were noncovered securities and boxes 1b, 1e, and 2 may be blank. Generally, a noncovered security means: stock purchased before 2011, stock in most mutual funds purchased before 2012, stock purchased in or transferred to a dividend reinvestment plan before 2012, debt acquired before 2014, options granted or acquired before 2014, and securities futures contracts entered into before Box 6. If the exercise of a non-compensatory option resulted in a sale of a security, indicates whether the amount in box 1d was adjusted for premium.

25 E Page 24 of 24 Box 7. If checked, you cannot take a loss on your tax return based on gross proceeds from a reportable change in control or capital structure reported in box 1d. See the Form 8949 and Schedule D instructions. The broker should advise you of any losses on a separate statement. Regulated Futures Contracts, Foreign Currency Contracts, and Section 1256 Option Contracts (Boxes 8 Through 11): Box 8. Shows the profit or (loss) realized on regulated futures, foreign currency, or Section 1256 option contracts closed during Box 9. Shows any year-end adjustment to the profit or (loss) shown in box 8 due to open contracts on December 31, Box 10. Shows the unrealized profit or (loss) on open contracts held in your account on December 31, These are considered closed out as of that date. This will become an adjustment reported as unrealized profit or (loss) on open contracts-12/31/2014 in Box 11. Boxes 8, 9, and 10 are all used to figure the aggregate profit or (loss) on regulated futures, foreign currency, or Section 1256 option contracts for the year. Include this amount on your 2014 Form Box 13. Shows the cash you received, the fair market value of any property or services you received, and the fair market value of any trade credits or scrip credited to your account by a barter exchange. See Pub Boxes Shows state(s)/local income tax information. Future developments. For the latest information about any developments related to Form 1099-B and its instructions, such as legislation enacted after they were published, go to Proceeds from Broker and Barter Exchange Transactions - Form 1099-B Instructions for Recipient continued

$ 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

Dividends and Distributions

Dividends and Distributions 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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: 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

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 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

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

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

Certain Government Payments

Certain Government Payments 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

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

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

Taxable Distributions Received From Cooperatives

Taxable Distributions Received From Cooperatives 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

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

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

Partner's Instructions for Schedule K-1 (Form 1065) 2014 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

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

Guide To Your USAA Life Insurance Company Forms 1099-INT and 1099-R For Tax Year 2014

Guide To Your USAA Life Insurance Company Forms 1099-INT and 1099-R For Tax Year 2014 Guide To Your USAA Life Insurance Company Forms 1099-INT and 1099-R For Tax Year 2014 USAA is committed to providing accuracy in reporting tax information related to your life insurance and annuity contracts

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

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

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

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

2014 Tax Guide. A resource to help you with the basics

2014 Tax Guide. A resource to help you with the basics 2014 Tax Guide A resource to help you with the basics Table of contents We have assembled this information in an effort to help you prepare your state and federal tax returns. Any tax or legal information

More information

Eaton Vance 2013 Tax Guide

Eaton Vance 2013 Tax Guide aton Vance aton Vance 2013 Tax Guide Our Investment ffiliates aton Vance Management ontents 2013 orm 1099-DIV 2 2013 orm 1099-B 4 2013 orm 8949 6 2013 orm 1099-R 8 2013 orm 5498 10 nswers to ommonly sked

More information

1 Rents. 2 Royalties. $ 3 Other income. 5 Fishing boat proceeds. $ 7 Nonemployee compensation

1 Rents. 2 Royalties. $ 3 Other income. 5 Fishing boat proceeds. $ 7 Nonemployee compensation 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

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

http://www.w2mate.com

http://www.w2mate.com Below is a Sample PDF 1099-MISC Form Generated from inside our 1099-MISC Software To learn more please visit http://www.w2mate.com VOID PAYER S name, street address, city, state, ZIP code, and telephone

More information

$ 2 Royalties. Form 1099-MISC 3 Other income. 4 Federal income tax withheld. 5 Fishing boat proceeds 6 Medical and health care payments

$ 2 Royalties. Form 1099-MISC 3 Other income. 4 Federal income tax withheld. 5 Fishing boat proceeds 6 Medical and health care payments Attention: Do not download, print, and file Copy A with the IRS. Copy A appears in red, similar to the official IRS form, but is for informational purposes only. A penalty of 50 per information return

More information

Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page

Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page 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

1 Rents. 2 Royalties. $ 3 Other income. 5 Fishing boat proceeds. $ 7 Nonemployee compensation

1 Rents. 2 Royalties. $ 3 Other income. 5 Fishing boat proceeds. $ 7 Nonemployee compensation 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

Payment Card and Third Party Network Transactions

Payment Card and Third Party Network Transactions 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

Year-End Tax Tables. Year-End Tax Tables Applicable to Form 1042-S (Foreign Shareholders)

Year-End Tax Tables. Year-End Tax Tables Applicable to Form 1042-S (Foreign Shareholders) Year-End Tax Tables This document contains general information to assist you in completing your 2015 tax returns. You should consult your tax advisor to determine the appropriate use of these tables. Year-End

More information

Mortgage Interest Statement

Mortgage Interest Statement 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

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

NYSE: BX. Dear Unit Holder:

NYSE: BX. Dear Unit Holder: NYSE: BX For Questions Regarding Your Tax Package Contact Partner DataLink 307111 SAMPLE PARTNER A 345 PARK AVENUE NEW YORK, NY 10154 Partner DataLink The Blackstone Group L.P. P.O. Box 8447 Hermitage,

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

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

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

F i d e l i t y C h a r i t a b l e P O l i C y G U i d e l i N e S: P r o g r a m C i r c u l a r

F i d e l i t y C h a r i t a b l e P O l i C y G U i d e l i N e S: P r o g r a m C i r c u l a r Fidelity Charitable POLICY GUIDELINES: Program Circular Fidelity Charitable POLICY GUIDELINES This Program Circular ( Circular ) describes the donor-advised fund program of Fidelity Charitable, as well

More information

Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page

Do Not Cut or Separate Forms on This Page Do Not Cut or Separate Forms on This Page 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

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

2014 Instructions for Schedule D

2014 Instructions for Schedule D Department of the Treasury Internal Revenue Service 2014 Instructions for Schedule D Capital Gains and Losses These instructions explain how to complete Schedule D (Form 1040). Complete Form 8949 before

More information

Tips on Completing Form 1099 Misc

Tips on Completing Form 1099 Misc Certified Public Accountants Medical Dental Practice Consultants Tips on Completing Form 1099 Misc Who Must File Form 1099 Misc Form 1099 is used to report made to certain vendors (see list below). When

More information

1 Rents. 2 Royalties. 3 Other income. 5 Fishing boat proceeds. 7 Nonemployee compensation

1 Rents. 2 Royalties. 3 Other income. 5 Fishing boat proceeds. 7 Nonemployee compensation 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

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

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

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

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

Acquisition or Abandonment of Secured Property

Acquisition or Abandonment of Secured Property 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

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

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

Mortgage Interest Statement

Mortgage Interest Statement 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

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

Tax Update. New Cost Basis Reporting Rules (Form 1099-B) Effective For 2011. April 2011

Tax Update. New Cost Basis Reporting Rules (Form 1099-B) Effective For 2011. April 2011 Tax Update April 2011 New Cost Basis Reporting Rules (Form 1099-B) Effective For 2011 by Ron Kramer, Director of Strategic Tax Planning If your memory is as bad as mine, you have probably forgotten that

More information

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

Partner's Instructions for Schedule K-1 (Form 1065-B) 2015 Partner's Instructions for Schedule K-1 (Form 1065-B) Partner's Share of Income (Loss) From an Electing Large Partnership (For Partner's Use Only) Department of the Treasury Internal Revenue Service

More information

AUTOMATED INQUIRY AND MATCH PROCEDURES 01-01-02 RESOURCE TYPE DESCRIPTION:

AUTOMATED INQUIRY AND MATCH PROCEDURES 01-01-02 RESOURCE TYPE DESCRIPTION: FRR RESOURCE TYPES AND DESCRIPTIONS The following are resource types and descriptions that may appear on the annual report. ADWINIDWG AGGPROFLOS AGRISUBS BUSINCOME CAPGAINS CAPGNBSNST CAPGNRLPRO CAPRATEGN

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

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

NORTHERN BLIZZARD RESOURCES INC. STOCK DIVIDEND PROGRAM

NORTHERN BLIZZARD RESOURCES INC. STOCK DIVIDEND PROGRAM NORTHERN BLIZZARD RESOURCES INC. STOCK DIVIDEND PROGRAM Introduction This Stock Dividend Program (the "Program") provides eligible holders ("Shareholders") of common shares ("Common Shares") of Northern

More information

ALLIANCEBERNSTEIN TAX BULLETIN

ALLIANCEBERNSTEIN TAX BULLETIN Equity and Fixed Income This booklet is a summary of useful tax information for various AllianceBernstein funds. It is intended to assist you, as an investor, in the preparation of your 2012 Federal and

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

Understanding the 2013 Year-End Distributions Table

Understanding the 2013 Year-End Distributions Table Understanding the 2013 Year-End Distributions Table Year-end distribution overview Q. What is Fidelity doing this year with regard to providing information on mutual fund distributions to Fidelity fund

More information

Employee Share Purchase Plans

Employee Share Purchase Plans Employee Share Purchase Plans Originally Effective April 1, 2002 and Amended and Restated Effective October 25, 2011 Bank of Montreal Qualified Employee Share Purchase Plan For employees of BMO Financial

More information

Southern California Pipe Trades

Southern California Pipe Trades Southern California Pipe Trades LO56050514 (Retired) Defined Contribution Fund Retirement/Disability/Termination Distribution LO56050517 (Disabled) Application Complete all applicable sections and return

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

1099R BOX DESCRIPTIONS

1099R BOX DESCRIPTIONS For additional details and instructions refer to IRS 1099R Instructions 1 Gross Distribution Enter the total amount of the distribution before income tax or other deductions were withheld. This can include:

More information

IRS FORM 1099 REPORTING REQUIREMENTS

IRS FORM 1099 REPORTING REQUIREMENTS IRS FORM 1099 REPORTING REQUIREMENTS The Internal Revenue Service (IRS) requires businesses (including not-for-profit organizations) to issue a Form 1099 to any individual or unincorporated business paid

More information

Instructions for Form 8858 (Rev. December 2012)

Instructions for Form 8858 (Rev. December 2012) Instructions for Form 8858 (Rev. December 2012) Department of the Treasury Internal Revenue Service Information Return of U.S. Persons With Respect To Foreign Disregarded Entities Section references are

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

Hardship distributions. A hardship distribution is not eligible for rollover.

Hardship distributions. A hardship distribution is not eligible for rollover. SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS 1 (Alternative to IRS Safe Harbor Notice - For Participant) This notice explains how you can continue to defer federal income tax on your retirement plan savings

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

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

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

c. Allocations of 2014 Schedule K-1 Income, Deductions, Credits, etc. ( Schedule K-1 Items )

c. Allocations of 2014 Schedule K-1 Income, Deductions, Credits, etc. ( Schedule K-1 Items ) Restaurant Brands International Limited Partnership For Year Ended 12/31/14 United States Resident Tax Package Information 1. Contact Information a. Mail: Restaurant Brands International Limited Partnership

More information

A. TYPES OF PLAN DISTRIBUTIONS

A. TYPES OF PLAN DISTRIBUTIONS SPECIAL TAX NOTICE REGARDING PLAN PAYMENTS 1 (Alternative to IRS Safe Harbor Notice - For Participant) This notice explains how you can continue to defer federal income tax on your retirement plan savings

More information

THE INCOME TAXATION OF ESTATES & TRUSTS

THE INCOME TAXATION OF ESTATES & TRUSTS The income taxation of estates and trusts can be complex because, as with partnerships, estates and trusts are a hybrid entity for income tax purposes. Trusts and estates are treated as an entity for certain

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

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

The Bank of Nova Scotia Shareholder Dividend and Share Purchase Plan

The Bank of Nova Scotia Shareholder Dividend and Share Purchase Plan The Bank of Nova Scotia Shareholder Dividend and Share Purchase Plan Offering Circular Effective November 6, 2013 The description contained in this Offering Circular of the Canadian and U.S. income tax

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

Phase III Cost Basis Reporting: The Basics

Phase III Cost Basis Reporting: The Basics Phase III Cost Basis Reporting: The Basics 9/4/2014 White Paper In April 2013, the U.S. Treasury Department and IRS issued final regulations for Phase III of the Cost Basis Reporting (CBR) requirements

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