Cap DATA NOW provides important corporate action taxability for equities, including early announcement data such as expected close dates, taxability details, and terms of important stock mergers, derived from Wolters Kluwer’s Capital Changes product. Capital Changes is well known within the brokerage industry for its tax information and provides key event details. Cap DATA NOW provides the key corporate action details that industry participants need that are provided by Capital Changes plus more, including early announcements of corporate action events, but formatted as data to expedite corporate actions processing due to T+1 and further reduce manual activity.
Accelerate straight-through processing of corporate actions taxability data by automating the complete lifecycle of corporate actions ranging from pre-effective notices like early announcements to post-event detail confirmation per IRS Form 8937.
At Wolters Kluwer, tax accuracy is paramount
That’s why we continuously embed our solutions with tax accurate expertise and functionality. Tax, legal, and operations professionals at blue chip brokerage firms count on us for unparalleled foreign and domestic corporate actions tax content and sophisticated technology for investment tax reporting and compliance with the cost basis reporting law.
Cap DATA NOW
Accelerate straight-through processing of corporate actions taxability data by automating the complete lifecycle of corporate actions.
Capital Changes 1446F PTP Alert
Under Section 1446(f) of the Internal Revenue Code, brokers must generally withhold 10 percent of the amount realized on any transfer of, or distribution from, a publicly traded partnership (PTP), unless an exception applies.
T+1 and its impact on tracking corporate actions
The T+1 settlement cycle has collateral impact on corporate actions that will drive more automation, including tax analysis