Tax season can be overwhelming. To help, we’ve collected some resources to help you in preparing and filing your taxes. If you have any further questions or concerns regarding your HilltopSecurities tax documents, please contact your financial advisor. For any other tax-related questions, consult your tax advisor.
IRAs, Coverdells and Health Savings Accounts
Additional Tax Information
HTS will distribute Form 2439 to retail accounts who are recipients of undistributed Long Term Capital Gains from RICs (Regulated Investment Companies) and REITs (Real Estate Investment Trusts):
HTS will file the Form 990-T with the IRS on behalf of IRA accounts who received an undistributed Long Term Capital Gain from a RIC (Regulated Investment Company) or a REIT (Real Estate Investment Trust). Once the IRS funds are received by HilltopSecurities, the firm will in turn credit the IRA account their portion of the refund (This credit is a non-reportable contribution event for the IRA account):
Every October HilltopSecurities will receive a B-Notice from the IRS. If you are on this notice and your information has not already been corrected in our system, you will receive either the first or second B Notice letter:
B-Notice Letter 1
B-Notice Letter 2