TEFRA Glossary

TEFRA Glossary provides a dynamic list of securities and their special features that have information reporting requirements that go beyond providing a simple annual summarization of distributions. Securities are categorized by their tax classification (partnership, REIT, grantor trusts, etc.) and include obligations that require accruals, special adjustments to reportable income or the inclusion of other supplemental information. The service provides particular event detail for contingent payment debt obligations and listed structured investment products.

Features

Lists Fixed Rate Capital Securities and characterizes their income
Identifies securities requiring payment allocations and percentage allocation of payments
Contrasts actual distributions of contingent payment obligations with projected payment schedule
Provides periodic delivery of database files
Expands coverage to additional asset classes
Facilitates the production of Forms 1099 and K-1 and individual tax returns