A "taxable event" is any transaction or occurrence that has tax consequences. Examples include the sale of a security or real property that is subject to capital gains taxes, withdrawal of funds from a tax-deferred retirement account, or any receipt of income, interest payments, or dividends. Taxable events trigger a reporting requirement to the applicable tax agencies, such as the IRS. They do not necessarily require tax payments. Exemptions or deductions may apply, depending upon the nature of the transaction.