Next Monday (March 2) is the deadline for submitting comments to Note 2009-17, which is seeking feedback on some of the lingering issues with mandatory basis reporting. Based on comments received, the Department of the Treasury and Internal Revenue Service will issue guidance on the new basis rules and reporting requirements. The Note invites public comment on 36 issues ranging from specific lot identification to account transfers. The Note in its entirety can be found here.

Tags: Basis reporting

This entry was posted on Wednesday, February 25th, 2009 at 1:02 pm and is filed under Basis reporting legislation, Cost Basis, Maxit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.