In this recent Money Management Executive article, Cameron Routh, Senior Vice President of Strategic Products for Scivantage, offers his insight on the technology challenges and potential costs awaiting mutual fund companies that are not adequately preparing for the cost basis reporting requirements.
Money Management Executive: The Costs of Cost-Basis Reporting
By Chris Kentouris
The ability to make choices is the pillar of a free market economy. But when it comes to the Internal Revenue Services’ new tax reporting requirements, choices will mean plenty of additional operational and technological headaches for mutual fund companies over the next year.
To read the complete article, click here.