FIF Cost Basis Working Group
This working group will address implementation issues associated with the new cost basis requirements as laid out in the Economic Recovery Plan (Section 403 of the Act) passed on October 3, 2008.
Chairs: Robert Linville, Broadridge; Brian Godfrey, Charles Schwab
FIF Cost Basis Relevant Links
FIF Cost Basis Tracking Portal (FIF Member Only)
FIF maintains a list of hyperlinks related to the Cost Basis Initiative.
Industry Meetings
- Dec 10, 2009 - FIF Cost Basis Roundtable II
- Sep 10, 2009 - FIF Cost Basis Roundtable - Attendee List, Meeting Agenda and Action Items
Meeting Materials
Nov 01, 2010 - FIF Cost Basis WG Meeting Materials Posted [2010-11-01]
Meeting materials including review of Final Cost Basis Regulations published by IRS
Meeting materials including review of Final Cost Basis Regulations published by IRS
March 18, 2010 - FIF Cost Basis WG Meeting Materials Posted [2010-03-18]
Meeting materials include the recap of FIF Subgroup meetings on Transfers, Issuer Reporting and Miscellaneous Issues
Meeting materials include the recap of FIF Subgroup meetings on Transfers, Issuer Reporting and Miscellaneous Issues
August 11, 2009 - FIF Cost Basis WG Meeting Materials Posted [2009-08-06]
Meeting Materials include aggregated survey data based on the results of the FIF Cost Basis Survey.
Meeting Materials include aggregated survey data based on the results of the FIF Cost Basis Survey.
March 26, 2009 - FIF Cost Basis WG Meeting Materials Posted [2009-03-31]
Meeting materials include Draft of Final Comment Letter to the IRS on Notice 2009-17
Meeting materials include Draft of Final Comment Letter to the IRS on Notice 2009-17
March 10, 2009 - FIF Cost Basis WG Meeting Materials Posted [2009-03-09]
Meeting materials include Comment Letters from FIF Member Firms, FIF's Initial Comment Letter to the IRS, the IRS Notice 2009-17 and Feedback on IRS Questions
Meeting materials include Comment Letters from FIF Member Firms, FIF's Initial Comment Letter to the IRS, the IRS Notice 2009-17 and Feedback on IRS Questions
Current Documents
IRS Publishes Proposed Cost Basis Regulations on Debt and Options Posted [2011-12-13]
FIF Cost Basis WG - Fixed Income Survey - Final Report Posted [2011-10-12]
FIF Cost Basis Survey III - Final Report Posted [2011-05-25]
Final results of the third FIF Cost Basis survey
Final results of the third FIF Cost Basis survey
FIF OSI Post-Mortem and Comparison to Cost Basis Survey Report Posted [2010-04-07]
The survey report evaluates the industry’s preparations for tackling OSI from resource planning to implementation strategies and how lessons learnt can be applied towards implementing the Cost Basis project.
The survey report evaluates the industry’s preparations for tackling OSI from resource planning to implementation strategies and how lessons learnt can be applied towards implementing the Cost Basis project.
FIF Cost Basis Issues List - Dec 2009 Posted [2009-12-14]
Updated FIF Cost Basis Issues List based on recent Meetings and Member Feedback
Updated FIF Cost Basis Issues List based on recent Meetings and Member Feedback
FIF Cost Basis Survey Report Posted [2009-09-09]
Report covering results of the FIF Cost Basis Survey
Report covering results of the FIF Cost Basis Survey
1099 Cost Basis Reporting Initiative Overview Posted [2009-02-12]
Broadridge presentation on Cost Basis Law, High Level Requirements, Issues and Next Steps
Broadridge presentation on Cost Basis Law, High Level Requirements, Issues and Next Steps
Section 403 of The Emergency Economic Stabilization Act of 2008 Posted [2009-02-12]
Section 403 of The Emergency Economic Stabilization Act of 2008 - Broker Reporting of Customer's Basis in Securities Transactions
Section 403 of The Emergency Economic Stabilization Act of 2008 - Broker Reporting of Customer's Basis in Securities Transactions
Comment Letters
January 27, 2012 - FIF Comment Letter 1 to IRS on Proposed Cost Basis Regulations Posted [2012-01-28]
Initial FIF Comment Letter to IRS on Proposed Cost Basis Regulations for Debt and Options
Initial FIF Comment Letter to IRS on Proposed Cost Basis Regulations for Debt and Options
November 18, 2011 - FIF Comment Letter to Treasury on Fixed Income Basis Reporting concerns Posted [2011-11-19]
FIF Letter to the IRS raising concerns regarding 2013 implementation date for Fixed Income basis reporting in light of lack of final regulations and opening a dialogue to understand challenges faced by FIF member firms.
FIF Letter to the IRS raising concerns regarding 2013 implementation date for Fixed Income basis reporting in light of lack of final regulations and opening a dialogue to understand challenges faced by FIF member firms.
February 8, 2010 - FIF Comment Letter to IRS on Proposed Cost Basis Regulations Posted [2010-02-08]
FIF Comment Letter to IRS on Proposed Basis Reporting by Securities Brokers and Basis Determination of Stock highlighting implementation issues in absence of final regulations
FIF Comment Letter to IRS on Proposed Basis Reporting by Securities Brokers and Basis Determination of Stock highlighting implementation issues in absence of final regulations
November 25, 2009 - FIF Letter to Treasury Posted [2009-12-03]
FIF Letter to Treasury on Cost Basis Requirements raising concerns about the January 2011 Implementation Timing
FIF Letter to Treasury on Cost Basis Requirements raising concerns about the January 2011 Implementation Timing
November 13, 2009 - FIF Comment Letter to IRS on Cost Basis Implementation Timing Concerns Posted [2009-11-15]
FIF Comment Letter to the IRS raising concerns regarding the current Cost Basis implementation date in light of lack of final regulations.
FIF Comment Letter to the IRS raising concerns regarding the current Cost Basis implementation date in light of lack of final regulations.
April 07, 2009 - FIF Comment Letter II to IRS regarding Notice 2009-17 Posted [2009-04-08]
FIF Comment Letter II to the IRS offering additional feedback on IRS Notice 2009-17
FIF Comment Letter II to the IRS offering additional feedback on IRS Notice 2009-17
February 27, 2009 - FIF Comment Letter to IRS regarding Notice 2009-17 Posted [2009-03-02]
FIF Comment Letter to the IRS regarding new cost basis requirements added in section 403 of Energy Improvement and Extension Act of 2008.
FIF Comment Letter to the IRS regarding new cost basis requirements added in section 403 of Energy Improvement and Extension Act of 2008.
Archive Documents
FIF Cost Basis Survey III - Preliminary Report Posted [2011-03-08]
Preliminary results of the third FIF Cost Basis survey
Preliminary results of the third FIF Cost Basis survey
FIF Cost Basis Issues List Posted [2009-10-14]
Updated FIF Cost Basis Issues List based on recent Meetings and Member Feedback
Updated FIF Cost Basis Issues List based on recent Meetings and Member Feedback
FIF Cost Basis Issues List Posted [2009-10-05]
Updated FIF Cost Basis Issues List based on Member Feedback
Updated FIF Cost Basis Issues List based on Member Feedback
FIF Cost Basis Survey Preliminary Results Posted [2009-08-07]
Preliminary Results of the FIF Cost Basis Survey
Preliminary Results of the FIF Cost Basis Survey
fifinfo@fif.com. 212 422 8568
© 2012 FIF. 5 Hanover Square New York, NY. 10004
© 2012 FIF. 5 Hanover Square New York, NY. 10004