Finextra community home

61481

Jeff Naylor - SunGard - Kansas City | 10/05/2012 | 941 views

Can fund industry learn from broker-dealer's tax reporting?

Broker-dealers have become the futurologists of the asset management industry. From what I have seen, the broker-dealer’s experience has affirmed the mutual fund transition to mandatory cost basis reporting will not be fully completed until 2012 IRS Information Reporting is completed. For this reason, funds need to monitor and validate cost ...

Jeff Naylor - SunGard - Kansas City | 03/05/2012 | 879 views

Cost basis reporting: should fund managers be concerned?

Collecting cost basis data on equities and ETFs for broker-dealers, and reporting it to shareholders on tax forms, has been a significant challenge. Many broker-dealers have struggled with compiling all of the data including books and records, cost basis reporting systems and tax reporting systems together for the 1099-B IRS form. This form is issu...

Showing: 1