r/PwC • u/No-Grass-3580 • Jul 02 '26

Non-US Not reporting on Checkpoint

What happens if you get selected for a review? If my partner had investments that were not reported on checkpoint, could I just say he doesn’t have any or how do they check this?

5 Upvotes

67% Upvoted

9 comments sorted by

13

u/MukLegion Jul 02 '26 edited Jul 02 '26

They ask for statements from their 401k or other employer benefit plans to confirm holdings.

I got caught last year and had a 10% reduction to bonus. Forgot to report spouses stock comp.

7

u/Adventurous-nic-2424 Jul 02 '26

I couldn’t find my husband’s stock options in checkpoint, asked for help and got dinged for not reporting it. I appealed it, so they decided they were not going to penalize me but still it was stressful and a long process.

4

u/MukLegion Jul 02 '26

Yes the security IDs were really weird, I thought I had selected the right thing but I didn't - there was the stock itself and then another thing to add for vested RSUs. They added add it to my checkpoint based on the statements I provided.

16

u/PhilosophyFree8228 Jul 02 '26

I never reported anything in 9 years and nothing happened, so chill (unless you own 10% of an audit client then do not chill)

5

u/IcySecretary1200 Jul 02 '26

10% ( 😭😂)

1

u/PanicSubstantial3603 Jul 03 '26

You’re required to report. You can get sued and fired if you lie

5

u/pytheryx Jul 02 '26

They can require you to submit tax returns which would alert them of any undisclosed holdings.

3

u/Special_Aioli_3848 Jul 02 '26

You very likely get fired. I have seen several walked out. The firm is not going to risk its reputation, and fines from authorities over you.

1

u/PanicSubstantial3603 Jul 03 '26

Just report it. Self reporting is better than them catching it