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© SEI 2022 For Intermediary Use Only. Do Not Distribute. 19 I. How many years of tax forms are available online? SPTC maintains five years of tax forms on SEI's website. PDF copies of tax forms for the tax years of 2013- 2017 are available upon request. 13. Corrected Tax forms A. What process should I follow if a tax correction is required to a tax form? If you have a question regarding the information that is provided on a tax form issued by SPTC and/or suspect that a correction is needed, you should contact your SPTC service team. If the service team representative determines that a correction is required to a tax form, the necessary steps will be taken by SPTC to make the correction and issue a revised form. Because of SPTC reporting responsibilities, a revised or corrected tax form must be mailed directly to the recipient of the original form. In addition, once the correction is made, the corrected form will be available to view on SPTC's website for you and your client. B. What is the timeline for a tax correction to be processed? If SPTC has determined that a tax correction is required, then the SPTC service team will determine the steps required to fix the tax form. Sometimes an account correction is needed, such as a cost basis update, 1099R distribution code update, or trading correction. This account correction needs to be completed by SPTC before the tax correction process can begin. Please refer to the SEI Operations Guide for information about the account correction process and the timeline for account correction completion. Once the account's transactions have been corrected in the system, the service team member will submit a ticket to get the tax form updated. From the date of submission, it will take 7-10 business days to have a corrected tax form generated. Certain complex tax corrections, especially ones involving changes to multiple sold tax lots, may take longer. For tax form 5498, SPTC will not process corrections of that tax form until May. This is to avoid issuing multiple corrected forms in case the client also makes a prior year contribution. If a tax correction for a 5498 is submitted after May, then it will follow the normal tax correction timeline above. C. When SPTC corrects a tax form, is it immediately updated online? Yes, the updated tax form is available immediately upon completion of the tax correction. D. When will SPTC mail tax forms that are revised due to Income Re-allocation and return of capital adjustments? Because of SPTC's decision to wait for finalized tax information and mail certain 1099 forms in late February, the number of revised tax forms should be minimal. In the event that a revised tax form is required, it will be mailed by March 31, 2023. The date is dependent upon SPTC's receipt of revised information from third-party asset issuers. E. Will I be notified if I have clients who will be receiving a revised Tax Package? Generally no. Unfortunately, because this corrected information is provided by a 3 rd party asset issuer, SPTC is unable to anticipate 3 rd party issuers will need to correct their asset's tax information prior to SPTC revising the tax forms. F. How will my clients or I see that a revised tax form has been issued? If a change has been made that would result in a revised tax form being issued to your client prior to SPTC's submission of tax information to the IRS in April, the revised tax form will be noted with an "Amended". If a change is made subsequent to SEI Private Trust Company's submission of tax information to the IRS in April, the "Corrected" box above the revised date will be marked with an X. See below for some examples of what updated tax forms looks like.

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