Capital Changes 1446F PTP Alert provides advanced notifications of PTP distributions and important data points from the related qualified notices, allowing brokers to shift the burden of finding and analyzing qualified notices to the tax experts at Wolters Kluwer, enabling your firm minimize risk and maximize efficiency. The information is contained in a web application, which allows for easy searching, sorting, and exporting of data.

Capital Changes 1446F PTP Alert at-a-glance

  • Rich in information, detail and accuracy
  • Focused on efficiency
  • Provides:
    • PTP identification and reference data
    • Qualified notice publication and expiration dates
    • Amounts in excess of cumulative net income subject to withholding
    • Designated date for 10 percent ECI exception
    • Key information, such as relevant dates, values, and percentages needed to comply with certain aspects of Section 1446(f) of the Internal Revenue Code
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.
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Product Sheet
Capital Changes Withholding Suite
Accurate and timely withholding is a critical component of broker operations.
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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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