Tax Season (2017)

Unless you became a Hilliard Lyons client for the first time after February 15, 2017, you will recall that Hilliard Lyons outsourced all of its clearing operations and statement preparation to First Clearing* in mid-February.

As a result, all accounts that had taxable events in both January 1 - February 15, 2017 and the rest of the year will be getting TWO Form 1099s this tax season. (Depending on your account and activity, you may also get other tax reports from both periods.)

Whether you prepare your taxes yourself or rely on a tax preparer, you (and they) should wait for the final version of BOTH sets of forms before finalizing your tax return for calendar 2017.

• Both sets of tax reports will have the Hilliard Lyons logo on them, but one will show
  J.J.B. Hilliard, W.L. Lyons, LLC, as the company preparing the form.
• The other will have Wells Fargo Clearing Services, LLC, as the company preparing the form.
• Do NOT discard either tax report. You will need them both to complete and file your taxes for 2017 accurately.

Note that accounts opened with Hilliard Lyons after February 15, 2017 (whether initial accounts or additional accounts), will generate only one set of tax forms, prepared by First Clearing/Wells Fargo Clearing Services, LLC.

We regret any inconvenience that multiple tax forms may create for you. Fortunately, this extra effort will be for tax data in 2017 only, and we fully expect that you will receive only one set of tax reports for your 2018 account activity.

• Find Additional Tax Guidance Through Access Online
• 1099 Statement Insert
• K-1 Support.com –K-1 Tax Packages for MLPs (PWC)
• K-1 Data for 37 Publicly Traded Partnerships (Deloitte)
• TurboTax Download Instructions
• Tax Software/OFX Download Guide (Coming Soon)