Understanding the proposed cost basis reporting regs feel insurmountable?

On December 16th, 2009, the IRS published proposed cost basis reporting law regulations, setting forth critical details that brokers and others must take into account in implementing systems to meet this law’s requirements.

With an initial effective date for covered securities less than one year away, brokers will likely find themselves in a time crunch to evaluate these new IRS rules. Yet, it is essential that they fully understand the proposed regulations and consider the needed actions immediately to be in compliance by January 1, 2011.

That’s why we are offering a complimentary white paper, Analyzing the IRS cost basis reporting regulations:  Critical updates for brokers & custodians on the new proposed regs. This insightful whitepaper provides an overview of key details of the proposed regulations and their impact on brokers and transfer agents and is a must-read for anyone impacted by this law.

Get on top of understanding the regs.

Request the whitepaper via the link below.

About us.

Already processing more than 15 million accounts, GainsKeeper® calculates cost basis—adjusted for corporate actions & wash sales, and applies multiple lot relief methods, as required by the newly enacted cost basis reporting law. GainsKeeper® also facilitates sophisticated trading strategies, such as tax loss harvesting, giving brokerages a ‘competitive edge’.

To learn more about GainsKeeper^®, visit www.gainskeeper.com.
To learn more about the cost basis reporting law, visit www.costbasisreporting.com.

DISCLAIMER: The information and views set forth in GainsKeeper^® communications are general in nature and are not intended as legal, tax, or professional advice. Although based on the law and information available as of the date of publication, general assumptions have been made by GainsKeeper communications which may not take into account potentially important considerations to specific taxpayers. Therefore, the views and information presented by GainsKeeper^® communications may not be appropriate for you. Readers must also independently analyze and consider the consequences of subsequent developments and/or other events. Readers must always make their own determinations in light of their specific circumstances.