(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… Read More >>
A Gathering Storm at Tax Time
The current tax season is the first time that cost basis reporting (CBR) has become a new reality for trading firms and investors. The issue will hit home as 1099 tax forms arrive and investors start to drill down on the details. While firms may want to duck disgruntled investors, they cannot ignore a gathering… Read More >>
