2014 US Federal Income Tax Information Reporting for Unsecured Creditors – 23/01/2015

As counterparties are aware, LBIE has analysed the character and source of the settlement payments and have withheld tax to certain counterparties.  We will fulfill our reporting obligations in respect of withholdable or reportable payments.   

For those impacted counterparties, who are ultimate beneficial owners, we will send such counterparties the appropriate US federal income tax reporting forms (i.e., Forms 1042-S and/or the relevant 1099 forms). Pursuant to US federal income tax reporting requirements, LBIE will be sending the appropriate US federal income tax reporting forms (i.e., Forms 1042-S and/or the relevant 1099 forms) directly to the ultimate beneficial owner(s) of counterparties who are non-US intermediaries (i.e., who have provided a form W-8IMY).

No counterparty that is a non-US intermediary (or any entity reflected on an allocation statement provided by a counterparty that is a non-US intermediary) will receive reporting.

Any queries should be directed in the first instance to unsecuredcreditors@lbia-eu.com.