Lehman Brothers Financial SA (LEHNQ)

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👁️💲AI Plan Trust Details:

AI The statement means the LBHI Plan Trust is a "grantor trust" for federal tax purposes and had no taxable income to allocate to its grantors or beneficiaries for the reporting period.
Grantor trust status
What it is: A grantor trust is not a separate taxable entity. Instead, the grantor (the creator of the trust) or other beneficiaries are considered the owners of the trust's assets and are responsible for reporting the income, deductions, and credits on their own personal tax returns.
How it applies here: Because the LBHI Plan Trust is treated as a grantor trust under Internal Revenue Code sections 671 through 678, the trust itself does not owe income taxes. All tax reporting obligations are passed through to the grantors and beneficiaries.
$0 taxable income
What it means: The report of "$0" taxable income, deductions, and credits indicates there were no taxable events within the trust during the period that would generate a tax liability for the grantors and beneficiaries.
Why it's reported: An entity can issue a "$0" tax statement as a courtesy to confirm that any distributions received were nontaxable. This may be because the distributions came from the trust's principal (the original assets) rather than from income generated by those assets.
Individual reporting responsibilities
Even with a "$0" report, each grantor and beneficiary still has an individual responsibility to consult a tax professional to determine their specific reporting requirements. This is because tax situations can vary widely depending on personal circumstances.



Stockholder.
LBHI Plan Trust Reporting
Pursuant to § 3.6(a)(i) of the Plan Trust Agreement, and the letter sent to each stockholder in
August and September of 2012, within seventy-five (75) days following the end of each calendar
year or as soon as practicable thereafter, the Trustees will annually furnish to each beneficiary a
separate statement setting forth the holder’s share of items of income, gain, loss, deduction, or
credit, if any, for U.S. federal income tax purposes by posting on our website, at www.lehman-
docket.com and shall provide instructions to report such items on their federal income tax returns.



U.S. Federal Income Tax Reporting
The following income, deductions, and credits are the income, deductions, and credits of the LBHI
Plan Trust and, as to their allocable portion, to be reported on the U.S. federal income tax return
of the grantors and beneficiaries, if required. All holders must report all allocable items on their
U.S. federal income tax returns in accordance with relevant tax laws or forward the information to
the holders with instructions to report such items on their U.S. federal income tax returns. Each
grantor and beneficiary should consult with his or her tax professional to determine his or her
individual reporting requirements.
Taxable income under §§ 671 through 678 of the Internal Revenue Code……… $0
Deductions applied to income above……………………………………………... $0
Credits applied to income above…………………………………………………. $0

AI This paragraph states that the LBHI Plan Trust Trustees will provide you with a statement of your share of the Trust's income, gains, losses, deductions, or credits for tax purposes, posted on their website lehman-docket.com within 75 days of year-end. You are responsible for using this information and the provided instructions to report these items on your personal U.S. federal income tax return, as the Trust's tax items are actually your tax items. Therefore, yes, this income comes to you in terms of its tax reporting obligation; you will need to include it on your tax return.
In plain English:
Who: The LBHI Plan Trust Trustees are responsible for this.
What: They will send you a statement showing your share of the Trust's money-related activities (income, gains, losses, etc.) for the year.
When: This statement is provided each year, within 75 days after the end of the year, or as soon as possible after that.
How: The statement will be posted on their website, lehman-docket.com.
What you must do: You must use this statement to report these items on your own federal income tax return and follow the instructions they provide.
Does this income come to me?
Yes, as a stockholder (or beneficiary), you are responsible for reporting your portion of the Trust's income and other tax items on your personal U.S. federal income tax return. The Trust's income and losses are passed through to you for tax purposes.