Master Limited Partnership Reporting

In 1987, the Internal Revenue Service made it mandatory for brokerage firms and banks to provide street name information to Master Limited Partnerships (MLPs) so as to allow them to produce K-1 statements for their individual investors. Wall Street Concepts operates a clearinghouse that collects, validates, consolidates, and distributes street-name investor information to the MLPs' general partners. This includes identifying information and transaction history for each year.

Features

Provides monthly CUSIP files to update your security master and as a solicitation of transaction activity
Helps ensure cash payments are classified correctly
Tests demographic and transaction activity, reporting with online error reports
Masks nominee account numbers with a Wall Street Concepts account number as a safeguard

Benefits

Facilitates the reporting to MLPs, as required by regulations
Gives Nominees and Partnerships Web access to view related data
Implements name and address formatting required for IRS filing by the partnership
Provides a secure system