Law Library

• View DRAFT Form 1099-B, Form A, April 4, 2011
• IRS released revised draft Form 1099-B for cost basis reporting on March 10, 2011
• IRS Releases Notice 2011-18 Providing Penalty Relief to Stock Issuers for Delayed Reporting of Corporate Actions to the IRS Until January 17, 2012
• IRS Releases Final Cost Basis Regulations With No Change in Effective Dates But Provides Penalty Relief That Effectively Delays Most Transfer Reporting for One Year
  
• New Law Significantly Increases Tax Penalties Affecting Cost Basis 1099's and Transfer Statements
  
• IRS Final Cost Basis Regulations – Significant Rules for Transfer Reporting
  
• Failing to Remedy Information Reporting System Flaws Could Result in Intentional Disregard Penalties
  
• IRS Final Cost Basis Regulations – Significant Rules for Lot Selection and Averaging of Basis for Mutual Fund and Dividend Reinvestment Plan Shares
  
• IRS Final Cost Basis Regulations – Clarification of Covered Securities Subject to Cost Basis Reporting
  
• IRS Final Cost Basis Regulations – Issuer Corporate Action Reporting
  
• IRS Final Cost Basis Regulations – Required Basis Adjustments
  
• IRS Final Cost Basis Regulations – Short Sales
  
• IRS Final Cost Basis Regulations – Information Reporting & Other Issues

• Why C-Level Executives Should Be Concerned About the New Cost Basis Reporting Rules," by David L. Easthope, Celent, September 2009.
  
• Cost Basis Reporting Law: Public Comments to the IRS — What Brokers Need to Know, September, 2009
• The New Cost Basis Reporting Law: An Overview, October, 2008
  
• Cost Basis Reporting Law: Brokers Considering Whether to Wait for IRS Guidance, October, 2008
• Cost Basis Legislation: Tax Court Sustains IRS "zero cost basis" Deficiency Against Taxpayer, August 2008
• Cost Basis Legislation: Cost Basis Reporting Legislation: Remains Active in New House & Senate Bills, August 2008
• Cost Basis Legislation: Passed by US House, May 2008
• Cost Basis Legislation: Close to Becoming Law, February 2008
• Senate Committee Staff Releases Cost Basis Reporting Legislation Proposal, June 2007
• Cost Basis Reporting is Coming! Are You Ready? March 2007

December, 2009 IRS Proposed Regulations—REG-101896-09

Comments from IRPAC

• Information Reporting Program Advisory Committee

Comments from industry associations

• American Bankers Association (ABA)
• Financial Industry Forum (FIF)
  
• Investment Company Institute (ICI)
• Individual Industry Association of Canada
• New York State Society of Certified Public Accountants (NYSSCPA)
• Securities Transfer Association (STA)
• Shareholder Services Associations (SSA)
• Securities Industry & Financial Markets Association (SIFMA)

Comments from vendors

• Wolters Kluwer Financial Services, Final Regs FIFO Comment Letter
• Corporate Action Information Statements Comments, Mar. 30, 2010
• Wolters Kluwer Financial Services, Proposed Regs Comments, Feb. 8, 2010
• Wolters Kluwer Financial Services, Prioritization Cost Basis Prop Reg Comments,Jan. 21, 2010
• Wolters Kluwer Financial Services Form 8949
• Broadridge
• Fidelity Transfer
• Scivantage
• Silver Management
• State Street

Comments from brokers, individuals & other interested persons

• Securities Lending Issues, Ropes & Gray
• Chapman Cutler LLP
• Kaye A. Thomas

February, 2009, IRS Notice 2009-17

Comments from IRPAC

• Information Reporting Program Advisory Committee Supplement
• Information Reporting Program Advisory Committee

Comments from Industry Association

• American Bankers Association
• American Institute of Certified Public Accountants
• Association of Global Custodians
• Financial Information Forum (FIF) 1
• Financial Information Forum (FIF) 2
• Investment Company Institute (ICI)
• Investment Industry Association of Canada
• National Association of Enrolled Agents
• Securities Industry and Financial Markets Association (SIFMA)
• Securities Transfer Association (STA) 1
• Securities Transfer Association (STA) 2
• Securities Transfer Association (STA) 3 – Letter to the Treasury

Comments from Vendors

• Wolters Kluwer Financial Services
• Broadridge
• Computer Research
• Sungard Wall Street Concepts

Comments from Brokers, Individuals & Other Interested Persons

• Fairmark Press
• Groom Law Group
• Hogan & Taylor
• Mac Papers
• Taxpayer - Metelits
• Taxpayer – Shwimer
• Taxpayer - Slotkin
• Taxpayer - Thompson
• Technical Tax Programming
• Wells Fargo & Company

• Read the Information Reporting Requirements Relating to Transfers of Securities
  Notice 2010-67
• Read the Cost Basis Reporting Final Regs Press Release
• Dec. 16, 2009 Proposed Reg-101896.09 - Basis Reporting by Securities Brokers and Basis Determination for Stock
• Press Release - IRS Notice 2009-118 IRS Issues Proposed Regulations on New Basis Reporting Requirement; For Investors, Reporting Gains and Losses Gets Easier Starting in 2011
• IRS Notice 2009-17 (February 2009), Request for Public Comments on Cost Basis Reporting
• IRS Notice 2009-11 (January 2009), Brokers May Furnish Composite 1099 Statements by February 17 2009 Without Penalty
• IRS _REG-143686-07 (January 2009) The Allocation of Consideration and Allocation and Recovery of Basis in Transactions Involving Corporate Stock or Securities