2009 MEMBERS Funds Tax Information
MEMBERS® Mutual Funds 2009 tax forms were mailed to shareholders on January 22, 2010. You can view and print your tax information by accessing your account via Account Access. After sign-in, you will find the “View Tax” option in the fund-level drop down menu on the “Shareholder Portfolio” page. This option will only display for funds that had taxable events. Note: The IRS does not require your mutual fund tax form to accompany your tax return.
Helpful Reminders - You will not receive a Form 1099-DIV if you have taxable ordinary dividends for any fund totaling $10 or less. You must still include these dividends on your income tax return. The dividends are shown in the "Income and Capital Gains Summary" section of your 2009 year-end investor statement mailed in early January.
- MEMBERS Funds has prepared a tax insert that will accompany your tax forms.
- You can download your tax information from your MEMBERS® Mutual Funds account into TurboTax and H&R Block At Home (formerly TaxCut). You can quickly import your fund-related information from three tax forms: 1099-DIV, 1099-B and 1099-R. Simply follow the instructions provided with your tax software product.
- IRS Form 5498 and 5498-ESA (which reports the Fair Market Value of contributions made to qualified-plan retirement accounts and Coverdell Education Savings Accounts (ESAs) through April 15, 2010 for the 2009 tax year) will be mailed to you in May 2010 and April 2010 respectively. As of December 31, 2009, the Fair Market Value of these accounts was noted on your year-end investor statement.
Capital Gain Distributions
Throughout the year, mutual funds realize gains and losses from selling securities held in their portfolios. Mutual funds are required to distribute the net realized gains from these sales to shareholders each year.
For the year-ended 2009, none of the MEMBERS Funds paid capital gains distributions.
Distribution of Ordinary Income Dividends When mutual funds earn interest from securities held in their portfolios (for instance money market or bond investments), it subtracts fund expenses and passes this “ordinary income” on to shareholders. The distribution schedule for year-end ordinary dividends for the MEMBERS® Mutual Funds is noted below:
| Declared Daily and Paid Monthly | Record Date | Ex/Payable Date | | Cash Reserves Fund | Daily | 12/31/09 | | Declared and Paid Monthly | | | | Bond Fund | 12/28/09 | 12/29/09 | | Diversified Income Fund | 12/28/09 | 12/29/09 | | High Income Fund | 12/28/09 | 12/29/09 | | Declared and Paid Annually | | | | Aggressive Allocation Fund | 12/30/09 | 12/31/09 | | Large Cap Growth Fund | 12/28/09 | 12/29/09 | | Large Cap Value Fund | 12/28/09 | 12/29/09 | | Mid Cap Growth Fund | 12/28/09 | 12/29/09 | | Mid Cap Value Fund | 12/28/09 | 12/29/09 | | Moderate Allocation Fund | 12/30/09 | 12/31/09 | | Small Cap Fund (formerly Small Cap Value Fund) | 12/28/09 | 12/29/09 | | International Stock Fund | 12/28/09 | 12/29/09 | | Declared and Paid Quarterly | | | | Conservative Allocation Fund | 12/30/09 | 12/31/09 |
Shareholders are notified on Form 1099-DIV (mailed in late January) of the actual amounts of any capital gains or ordinary income dividend distributions. In addition, the information will be noted in "Your Account Activity" on the year-end investor statement.
Feel free to contact your financial representative or Shareholder Services at 1-800-877-6089, if you have any questions regarding your MEMBERS® Mutual Funds account. |
