Important Tax Information and Reporting: Overview
As a broker based in the United States, Place Trade (PT) is required to report information and make payment of withholding taxes to the US tax authority, the Internal Revenue Service (IRS), for all of our customers. Additionally, PT has reporting and withholding obligations to the tax authorities of other countries for certain securities.
When determining the country for which we are obligated to report and collect information on your behalf, the following definitions will apply.
US Person or Entity is:
Canadian Person or Entity is:
Residents of other Countries
If you are a resident of, or entity formed or operating in, a country other than the US or Canada you are considered to be a foreign person or entity (non-US person).
Tax Topics of Interest
Detailed information can be found on the tabs above, specifically:
Initial Application & Data Collection
Describes certain tax forms and certifications you will be required to complete during the account registration process, depending upon your customer type and residency status. (Available under both the US and Non-US Persons & Entities' tabs.)
Tax Agency Reports
Details the agency tax forms you can expect to receive from Place Trade.
Describes the worksheets and reports Place Trade provides, including the Annual Statement and Dividend Report.
Where to access your Tax Forms and Reports
To access and print your Forms and Reports, log into to Account Management with your PT username and password, and select Tax Forms from the Report Management menu or the Reports menu.
Tax Frequently Asked Questions (FAQs)
Find answers to specific reporting questions in our Tax Frequently Asked Questions (FAQs).
View Form 8949 Worksheet using TurboTax
IRS Circular 230 Notice: These statements are provided for information purposes only, are not intended to constitute tax advice which may be relied upon to avoid penalties under any federal, state, local or other tax statutes or regulations, and do not resolve any tax issues in your favor.
Call us today at 1-800-50- PLACE or 1-919-719-7200 for more information!