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New cost basis reporting (CBR) requirements took effect for equities this past tax season and revived the buy-or-build question for many firms.
(Editor’s Note: This is an excerpt from the Summer 2012 printed edition of FTF News, which became available for downloading on July 10.) Tax season for 2012 was especially painful for broker/dealers and their clients as the first wave of the new cost basis reporting (CBR) requirements of the Internal Revenue Service (IRS) took effect...
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