TDS - TAXonomy

TAXonomy: The Tax Professional’s Answer to Obtaining Unmatched, Trustworthy, Tax-Specific Information

For tax professionals, obtaining reliable, comprehensive tax-specific information at the asset level has grown increasingly difficult – especially as the tax-reporting environment has grown more complex. Where can the tax professional go to determine such things as specified status for cost basis reporting, withholding rules for Nonresident Aliens, structured product payment allocations and, in the near future, grandfathered status for FATCA? TAXonomy is the answer.

TAXonomy gives you what you need to confidently and efficiently classify underlying taxability and determine correct withholding eligibility: Access to an unparalleled breadth and depth of accurate tax, reference, and source data for all U.S. publicly traded instruments.

TAXonomy complements your Security Master and gives you greater ability to avoid misclassification, miscalculation, and their consequences. TAXonomy puts immediately retrievable, standardized reports, plus expanded search capabilities, at your fingertips.

Comprehensive, Consolidated Data Utilizing Our Extensive Industry Relationships

TAXonomy provides consolidated data elements from multiple sources, including our own proprietary research and data management tools, to give you access to data on more publicly traded instruments than you will find anywhere else. It also brings you the most comprehensive online research tools, with enhanced data inquiry, drilldown and export capabilities.

Data Elements

TAXonomy supports identification of the following important tax classification elements: 

  • Security Classifications
  • Default Income and Payment Allocations (including equity-linked and structured
  • products)           
  • Withholding Treatment (NRA, FATCA, State Jurisdictions)
  • Qualified / Nonqualified
  • Specified Status (Cost Basis)
  • Payment Reclass Probability (based on historical and issuer notification)
  • Source Documentation (such as Prospectuses and Official Statements)

Service Levels to Fit Your Needs

TAXonomy imageChoose the TAXonomy service level that best suits your particular needs:

  • Web Access: Inquiry and reporting capabilities, or
  • Datafile: Use our derived data to complement your existing Security Master and payment/corporation actions systems in order to accurately classify payments and withhold appropriately.

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