Daily Archives: February 10, 2016

Pershing Phased Tax Document Mailing Schedule

Below please find the anticipated mailing dates for Forms 1099 for Pershing Accounts.

Phase 1 – Scheduled Mailing Date: January 31
> Forms 1099 will be mailed for accounts with holdings and income that typically do not require reclassification or additional information from issuers. Generally, this includes accounts holding fixed income (debt) or equity-only investments and options.

Phase 2 – Scheduled Mailing Date: February 16
> Generally, this mailing includes issuers of mutual funds, certain unit investment trusts (UITs), real estate investment trusts (REITs) and certain equities, because the issuer provided their final tax information after the January 31 mailing is prepared.

> Pending 1099 Notices will be mailed for accounts where we are awaiting data from issuers.
The notice will list investments that are awaiting information from issuers or trustees and indicate the possible mail date of an investor’s 1099. This notice, which will be available in
e-Document Suite, will be mailed when issuers of reportable income cannot provide final tax information before the February 16 mailing is prepared. This letter will identify the income impacting the mail date.

> Revision mailing for 1099s sent in Phase One, as required.

Phase 3 – Scheduled Mailing Date: February 29
> Form 1099 mailing will occur for accounts for which we can now include information that was previously pending income reclassifications from issuers of mutual funds, REITs and certain equities, because the issuer or trustee has provided Pershing with final tax information. Generally, this includes remaining mutual funds, REITs and certain equities.1

> Revision mailing for 1099s sent in Phases One and Two, as required.

Phase 4 – Scheduled Mailing Date: March 17
> Form 1099 mailing will occur for all remaining accounts, regardless of whether pending income reclassifications for the account’s income have been received from issuers. Generally, this includes accounts holding complex non-equity securities, such as real estate mortgage investment conduits (REMICs), widely held fixed investment trusts (WHFITs) and some UITs.

> Revision mailing for 1099s sent in all previous phases, as required.