Do I receive a 1099 form for my brokerage account?

Meow Advisory LLC is providing the following information regarding the upcoming tax reporting season on behalf of Atomic Brokerage LLC

If your company is registered as a C-corporation, you will not receive a 1099 form. C-corporations are exempt from 1099 reporting requirements according to IRS regulations. Most other business entity types, including LLCs, partnerships, and sole proprietorships, DO receive 1099 forms for Treasury interest and other brokerage income. However, if your LLC has elected to be taxed as a C-corporation, it will also be exempt from 1099 reporting.

If you are eligible for a 1099, it will be available on this page by the end of February: https://app.meow.com/bny/bonds/us?tab=statements on the Brokerage Documents tab

What types of income does this apply to?

This exemption applies to various types of income earned through your account, including:

• Interest income from Treasury securities

• Interest from banking partners

• Income from certificates of deposit (CDs)

What about tax reporting?

While 1099 forms are not issued, you should still maintain your own records of interest income for corporate tax filing purposes. In some cases, you may be able to request a courtesy statement from our banking partners for your records, though this is not an official tax document.

*Disclaimer: Meow Advisory LLC is a registered investment adviser. Registration as an investment adviser does not imply any level of skill or training.

For accounts opened through Atomic Brokerage LLC: Meow Advisory LLC has an engagement with Atomic Brokerage LLC (“Atomic Brokerage”), a registered broker-dealer and member of FINRA and SIPC , to bring you the opportunity to open a brokerage account. Brokerage services for customers of Meow Advisory LLC are provided by Atomic Brokerage. For more details about Atomic Brokerage, please see the Form CRS, General Disclosures, and the Privacy Policy. Check the background of Atomic Brokerage on FINRA’s BrokerCheck.

For subadvisory services for accounts opened through Atomic Invest LLC: Meow Advisory LLC has an engagement with Atomic Invest, LLC (“Atomic Invest”), an SEC-registered investment adviser, to bring you the opportunity to open an investment advisory account. Investment advisory services are provided by Atomic Invest. Companies which are engaged by Atomic Invest receive compensation of 0% to 0.85% annualized, payable monthly, based upon assets under management for each referred client who establishes an account with Atomic Invest (i.e., exact payment will differ). Atomic Invest also shares a percentage of compensation received from margin interest and free cash interest earned by customers with Meow Advisory LLC. Meow Advisory LLC is not a client of Atomic Invest, but our engagement with Atomic invest gives us an incentive to refer you to Atomic Invest instead of another investment adviser. This conflict of interest affects our ability to provide you with unbiased, objective information about the services of Atomic Invest. This could mean that the services of another investment adviser with whom we are not engaged could be more appropriate for you than Atomic invest. Advisory services through Atomic Invest are designed to assist clients in achieving a favorable outcome in their investment portfolio. They are not intended to provide tax advice or financial planning with respect to every aspect of a client's financial situation and do not include investments that clients may hold outside of Atomic Invest. For more details about Atomic Invest, please see the Form CRS, Form ADV Part 2A, the Privacy Policy, and other disclosures. Brokerage services for Atomic Invest are provided by Pershing Advisor Solutions LLC (“PAS”), a registered broker-dealer and member of FINRA and SIPC.

Neither Atomic Invest nor Atomic Brokerage, nor any of their affiliates, is a bank. Investments in securities are Not FDIC insured, Not Bank Guaranteed, and May Lose Value. Investing involves risk, including the possible loss of principal. Before investing, consider your investment objectives and the fees and expenses charged by Atomic Brokerage and/or Atomic Invest.