Subscribe to the Tax Headline RSS feed | Subscribe to the Tax Headline feed via EmailBNA INSIGHTS: The Truth About Cost-Basis Reporting: You’re Not as Ready as You Think
April 20, 2010 in Daily Tax Report · Leave a Comment
Securities industry professionals may now be hearing more about cost-basis reporting legislation, enacted into law in November 2008 through the passing of the Emergency Economic Stabilization Act (Pub. L. No. 110-343); hopefully, your firm has assessed the impact that the new law will have on its operations and has begun preparing to meet the requirements that become effective Jan. 1, 2011.
For those that have not, however, you may be surprised to know that cost-basis reporting will require a significant amount of adjustments on the part of…
