Deciphering Critical Cost Basis Reporting Issues Impacting Mutual Funds, ETFs & DRP Shares
Available On Demand
Date Held: May 11, 2011
Duration: 1 hour
With the January 1, 2012 effective date for coverage of mutual funds and dividend reinvestment plans (DRPs) looming, fund companies, transfer agents and other impacted organizations are working diligently to make sure they are prepared to meet the requirements of this law. Yet with the release last October of the final regulations from the IRS, there are numerous cost basis rules & system complexities that must be addressed to be ready on time.
Please join us on May 11th at 2PM ET for an insightful presentation by our panel of cost basis experts Steven M. Rosenthal, Tax Partner, Washington D.C. Office, Ropes & Gray LLP, Dale Collinson, Director, Financial Institutions & Products, Washington National Tax Office of KPMG and Stevie D. Conlon, Senior Director & Tax Counsel, Securities Tax Solutions, Wolters Kluwer Financial Services, who will discuss key cost basis issues that must be addressed to prepare for January 1, 2012 compliance, including:
- Customer confusion around the types of securities covered (and not covered) by the law;
- Basis averaging and the single account election; and,
- Challenges of determining which lots of a particular security were sold.
This is a must attend event for brokers, mutual fund administrators, transfer agents and anyone impacted by this law.
Other areas of interest