Clearing House Advisory Notices
To | Back Office Managers
From | Clearing House Deparrtment
Subject | 2006 BPS-1099 Processing
Notice Date | 2006-12-11
Notice Number | 06-301
Effective Date | 2006-12-11
AS A REMINDER, NOVEMBER 30, 2006 MARKED THE END OF THE 2006 TAX YEAR FOR BROKERAGE. This memo covers the entire 1099 process, including: Year End Reports Tax Adjustment Period Backup Withholding Firm 1099 Statements BPS 1099 Processing Schedule YEAR-END REPORTS The CME will produce the following preliminary year-end Brokerage Payment System (BPS) reports on Monday, December 18, 2006. Firms should make any known adjustments for the 2006 tax year by Friday, December 15, 2006, so the adjustments are reflected on the Monday, December 18, 2006 preliminary reports. For the full text of this advisory. . .