Understanding the final cost basis regulations
Available On Demand
Date Held: November 10, 2010
Duration: 1 hour
Essential details about how the new regs impact brokers & custodians
On October 12th, 2010, the IRS issued final regulations for the Cost Basis Reporting Law, enacted as part of the 2008 Emergency Economic Stabilization Act. Find out how the IRS responded to numerous public comments about this law and understand what actions brokers need to take now to meet the January 1, 2011 initial effective date. Whether your compliance plan is in place, you are currently assessing vendors or building a solution, this is a must attend event for anyone in the financial services sector impacted by this law.
On Wednesday, Nov. 10th at 2 PM ET, keynote speaker Stevie D. Conlon, Senior Director and Tax Counsel, Securities Tax Solutions, Wolters Kluwer Financial Services, will be joined by Dale Collinson, Director, Financial Institutions & Products, KPMG, Washington National Tax and Steven M. Rosenthal, Esq., Partner, Ropes & Gray LLP and cover:
- The impact of the unchanged effective dates and the limited penalty relief for transfer reporting;
- Key differences in the final regs that will impact systems development & operations for brokers; and,
- Changes in the rules for transfer reporting & corporate action issuer reporting.
The event will conclude with a live Q&A session.
Other areas of interest