Rely on a staff of attorneys and accountants with more than 200 years of combined tax and legal experience to monitor the corporate actions that matter the most to you.
Problems solved:
Lack of staff members to devote to monitoring corporate actions and their tax implications
Risk due to failure to book a transaction or inaccurately booking a transaction
Costly mistakes due to lack of understanding of the tax consequences of corporate actions
Time-consuming processes
Need for operational efficiency in tracking corporate action tax consequences
Difficulty incorporating basis related adjustments into operations portfolio accounting systems
Key features:
Highly detailed and accurate corporate action taxability information
Automated corporate action taxability for all US and foreign equities, based on customer securities of interest
Timely cost basis and fair market value information
One stop shopping for all publicly available Form 8937s
Historical corporate actions
Cost basis calculator
Product Sheet
Capital Changes Withholding Suite
Accurate and timely withholding is a critical component of broker operations.
Because withholding agents are personally liable for any tax required to be withheld, noncompliance creates costly risks and financial liabilities for firms that must withhold U.S. tax on payments to nonresident aliens, and firms that deliver Forms 1099 to U.S. taxpayers.
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Cap DATA NOW
Capital Changes content transformed to data for fast corporate actions processing.
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Capital Changes Corporate Actions Historical
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Capital Changes Corporate Actions Issuer Statement Reporting Service (Form 8937)
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Frequently asked questions
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Q1. What is Corporate Actions Taxability Management?Corporate Actions Taxability Management supports accurate tax treatment of corporate actions by automating taxability determination and related reporting processes. It helps institutions manage tax impacts associated with capital changes and issuer driven events.
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Q2. How does the solution determine taxability?The solution applies structured logic and expert maintained tax data to analyze corporate actions and determine appropriate tax treatment, reducing reliance on manual review.
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Q3. Does it support issuer statements and Form 8937?Yes. The solution supports issuer statement processing, including Form 8937 data, to help institutions incorporate issuer provided tax information into their workflows.
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Q4. How is tax data delivered downstream?Taxability data feeds and reporting outputs can be delivered to downstream tax reporting and portfolio systems for consistent processing.
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Q5. Who typically uses Corporate Actions Taxability Management?Tax managers, operations teams, financial analysts, and compliance professionals use this solution to manage corporate actions tax workflows.