Tax report (1042S) discrepancies questions - Off-Topic | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Off-Topic

Tax report (1042S) discrepancies questions
Started:October 10th, 2012 (04:18 AM) by michaelbr Views / Replies:272 / 0
Last Reply:October 10th, 2012 (04:18 AM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Tax report (1042S) discrepancies questions

Old October 10th, 2012, 04:18 AM   #1 (permalink)
Trading Apprentice
Futures Experience: Beginner
Platform: MultiCharts
Favorite Futures: Stocks, Forex
michaelbr's Avatar
Posts: 10 since Oct 2011
Thanks: 1 given, 0 received

Tax report (1042S) discrepancies questions

I just filed my income tax with IRS, after filing, just out of curiosity, I started to check my statements against my tax report sent by my broker, to my surprise, it's lower than the amount filed by my broker, so I started to check other years, and ALL of my reported taxes contain errors (lower taxes than reported on my monthly statements, some years, it was 4 times LOWER). Has anyone had problems with dividend taxes reported/filed by your broker?

Here's my legal status:
- non resident alien
- as non resident alien, I don't have any employment income, just dividends and interests

I've sent complaint to my broker, but they said that they will TRY to adjust the discrepancies for 2011, but for earlier years (2008 onward), they won't adjust. Can someone explain to me:
- what can I do to fix the problem beside talking to my broker?
- is there any other place/organization which deals with this kind of problem?
- has any one else had similar problem and care to share your experience/advises?

Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Off-Topic > Tax report (1042S) discrepancies questions

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

An Afternoon with FIO trader bobwest

Elite only

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
ADXVMA Questions max-td NinjaTrader Programming 52 October 2nd, 2013 05:24 AM
US tax return questions michaelbr Off-Topic 4 September 11th, 2012 10:43 PM
.....Tax evaders exploit varying global tax rates: OECD kbit News and Current Events 1 March 6th, 2012 12:55 PM
Several questions about futures rounder8 Beginners and Introductions 6 June 24th, 2011 07:25 AM
Strategy Questions doseone NinjaTrader Programming 13 July 7th, 2010 10:50 PM

All times are GMT -4. The time now is 05:46 AM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-23 in 0.06 seconds with 19 queries on phoenix via your IP