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Avoiding the looming catastrophe: Cost basis reporting for debt & options

Available On Demand
Date Held: November 20, 2013
Duration: 1 Hour

Meeting the cost basis reporting law phase 3 coverage of debt and options presents the most difficult tax rule, data and system challenges yet. As a result, delays in completing development, interdependent components and possibly multiple vendors significantly increase both the risk that brokers will not be ready to meet regulatory imposed deadlinesóresulting in the embarrassing delivery of late or corrected Form 1099s, and the risk of significant tax penalties.

Avoid the Looming Catastrophe

Join us for this insightful web seminar at which cost basis experts Stevie D. Conlon, Senior Director & Tax Counsel, and Tim Gagne, Senior Technical Product Manager, Wolters Kluwer Financial Services, dove into the regulatory tax complexities and the significant data & system implications that must be fully addressed to meet the phase 3 requirements of this law on time, including:

  • New required calculations for debt securities;
  • New debt instrument segregation requirements; and,
  • New tax rule required data.
Tim Gagne
Senior Technical Product Manager
Wolters Kluwer Financial Services
Stevie D. Conlon
Senior Director & Tax Counsel
Wolters Kluwer Financial Services



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