Cost Basis - Relevant Links

The FIF Cost Basis Working Group tracks cost basis implementation at the industry level. The following links point to cost-basis related websites and documents. This site is updated periodically and maintained on a best efforts basis. Please check the source websites for the most current information. Email updates for this page to fifinfo@fif.com. Links added since the last update are highlighted as *NEW* or *UPDATED*.

Last updated: Jun 02, 2014

IRS Notices

• Jan 2014 - Form 1099-B
• Jan 23, 2014 - Instructions for Form 1099-B 
  
• Jan 03, 2014 - Instructions for Forms 1099-INT and 1099-OID
  
• Jun 17, 2013 - Draft Forms 1099-INT and 1099-OID published 
  
• Apr 17, 2013 - IRS Releases Final Regulations on Basis Reporting by Securities Brokers and Basis Determination for Debt and Options
• May 02, 2012 - IRS Delays Debt and Options Reporting to January 1, 2014
• Nov 23, 2011 - Proposed IRS Regulations on Basis Reporting by Securities Brokers and Basis Determination for Debt and Options
• IRS Proposed Regulations on Basis Reporting by Securities Brokers and Basis Determination for Stock
• Emergency Economic Recovery Plan (See Section 403 of the Act)
• IRS Notice 2009-17: Information Reporting of Customer’s Basis in Securities Transactions

CBRS/NSCC/DTCC Notices

• Enhanced CBRS FAQs *Last Updated on Nov 15, 2011*
• CBRS Webinars
• CBRS Enhancements
• CBRS Record Layouts
• CBRS User Manual
• Cost Basis Eligible Participants List
• New Account Instructions: Cost Basis Reporting Service (CBRS)
• Jun 02, 2014: CBRS005.14 - Layout Changes for November Release *NEW*
• Aug 09, 2012: CBRS008.12 - Revised rules in Asset Sequence Number field
• Jul 30, 2012; Updated CBRS User Guide
• May 01, 2012: CBRS007.12 - Registration instructions to access webcast on using CBRS via WebDirect
• Apr 19, 2012: CBRS006.12 - Revised Cost Basis User Master File layout
• Apr 11, 2012: CBRS005.12 - Revised CBRS Record Layouts for July and November deployments
• Mar 20, 2012: CBRS004.12 – Creating a relationship between a Transfer Agent's LPA and TA numbers
• Jan 25, 2012: CBRS002.12 – Revised CBRS Record Layouts for July 2012 enhancements – effective date: Jul 27, 2012 
• Jan 18, 2012: CBRS001.12 – Automated Customer Account Transfer Service (ACATS) – Changing Processing Date In The Participant Services Environment (PSE) – effective date: May 1, 2012 
• Jan 13, 2012: A#7356 – Elimination Of Networking Matrix Levels 1 And 2 From Automated Customer Account Transfer Service (ACATS) – effective date: Apr 23, 2012 
• Dec 7, 2011: CBRS009.11 - Revised CBRS transaction output files
• Sep 1, 2011; CBRS007.11 – Additional updates to the Cost Basis Reporting Service record layouts
• Jul 29, 2011; A#7256 - Mutual Funds Networking, ACATS And ACATS FUND/ SERV Enhancements To Assist In Facilitating The Transfer Of Cost Basis Information – Effective Date: Dec 5, 2011
• Jul 28, 2011; CBRS006.11 – New indicator on the Cost Basis User Master File: "Exempt Recipient Accounts"
• Jul 26, 2011; CBRS005.11 – CBRS Enhancement Project Updates: User Testing; additional revisions to Asset and Tax Lot input record layouts
• Jun 17, 2011; CBRS004.11 – Revised CBRS Record Layouts for 2011 year-end enhancements
• May 20, 2011; CBRS003.11 – New functionality: upload from Excel to CBRS via WebDirect 
• Apr 07, 2011; CBRS002.11 – Change to CBRS WebDirect functionality: 3,000 record maximum size for CBRS Transaction Download End of Day (EOD) file
• Mar 11, 2011; A#7179; ACATS Fund Registration (FR) Record Modifications
• Mar 07, 2011; A#7175; Mutual Funds Networking And FUND/SERV Enhancements To Provide Further Transparency For Cost Basis And Share Aging
• Feb 03, 2011; CBRS Record Layouts Update
  • Asset Input
  • Tax Lot Input
  • Transaction MRO
• Jan 27, 2011; CBRS001.11 – Change in Common Data Transfer System (CDTS) input end-of-day job for CBRS
• Nov 08, 2010 - CBRS005.10 - To start using the new CBRS in Production on December 10, 2010, submit all new account forms by November 19, 2010 
• Oct 18, 2010 - CBRS004.10 - Updated Cost Basis Reporting Service record layouts
• Oct 15, 2010 - CBRS003.10 - Updated Cost Basis User Master File
• Oct 05, 2010 - NSCC A#7074 – Changes To CBRS And ACATS Master File As A Result Of The CBRS Enhancement Project
• Sep 30, 2010 - CBRS002.10 – Updates on the Cost Basis Reporting Service Enhancement Project: User Testing; Product IDs for output files
• Sep 03, 2010 - DTCC CBRS001.10 - Updates to Cost Basis Reporting Service (CBRS) Project: New Account Process, New CBRS User Guide, New Cost Basis User Master File
• Jun 11, 2010 - DTC #B6890-10 - Addition of IMS Transaction ID (IMS TID) to DTFPART files
• Jun 09, 2010 - NSCC A#7004 - Cost Basis Reporting Service (CBRS) Webcast and other User Documentation
• Apr 30, 2010 - NSCC A#6988 - Enhancements to the Cost Basis Reporting Service

Comment Letters on IRS Proposed Regulations for Debt and Options

• State Street Bank and Trust Company, The Bank of New York Mellon and Bank of America Merrill Lynch - Nov 13, 2012
• SIFMA Comment Letter on Options Reporting - Aug 27, 2012
• UBS Financial Services - Apr 9, 2012
• CME Stock/Option Consulting Services - Apr 4, 2012
• Wolters Kluwer Financial Services - Apr 5, 2012 
• Bank of New York Mellon - Feb 24, 2012
• FIF Letter II to IRS on Proposed Regulations for Debt and Options - Feb 23, 2012
• Information Reporting Program Advisory Committee (IRPAC) - Feb 23, 2012
• Wolters Kluwer Financial Services - Feb 23, 2012
• Janney Montgomery Scott - Feb 23, 2012
• American Bankers Association - Feb 23, 2012
• LPL Financial - Feb 23, 2012
• The Options Clearing Corporation - Feb 23, 2012
• Davenport & Company - Feb 22, 2012
• SunGard - Wall Street Concepts - Feb 22, 2012
• Pershing - Feb 16, 2012
• SIFMA - Feb 14, 2012
• Bank of New York Mellon, State Street Bank and Trust Company and The Northern Trust Company Request for Delay - Jan 31, 2012 
• FIF Letter I to IRS on Proposed Regulations for Debt and Options - Jan 27, 2012 

• Wolters Kluwer Letter on Requesting a year delay for Debt Instruments  - Dec 8, 2011 

• Nov 22, 2011 -  IRS Publishes Proposed Cost Basis Regulations on Debt and Options  
• Nov 18, 2011 - FIF Letter to the Treasury on Fixed Income Cost Basis Reporting Concerns
  
• Jun 20, 2011 - GAO Report - IRS Could Improve Cost Basis and Transaction Settlement Reporting Implementation
• Apr 22, 2011 - Draft Form 8949 - Sales and other Dispositions of Capital Assets
• Apr 22, 2011 - Draft Form 1040 (Schedule D) - Capital Gains and Losses
• Mar 10, 2011 - Updated Draft 1099-B Form & Instructions (Box 7, "Reported Gain or Loss", now blank)
• Mar 07, 2011 - IRS Cost Basis Reporting Overview & FAQs
• Feb 23, 2011 - New 1099-B Form & Instructions
• Oct 12, 2010 - Final IRS Regulations on Basis Reporting by Securities Brokers and Basis Determination for Stock
• Oct 12, 2010 - IRS Notice 2010-67 - Information Reporting Requirements Relating to Transfers of Securities
• FIF 2009 Cost Basis Survey Report
• Capital Gains Tax Gap: Requiring Brokers to Report Securities Cost Basis Would Improve Compliance if Related Challenges Are Addressed
• Wolters Kluwer Financial Services - Apr 5, 2012

FIF Surveys

• Oct 12, 2011 - FIF Cost Basis WG - Fixed Income Survey - Final Report
• May 25, 2011: FIF Cost Basis Survey III - Final Report
• Mar 08, 2011: FIF Cost Basis Survey III - Preliminary Report
• Apr 07, 2010: FIF OSI Post-Mortem and Comparison to Cost Basis Survey Report
• Sep 08, 2009: FIF 2009 Cost Basis Survey Report

White Papers / Presentations on IRS Notice 2009-17

• Cost Basis Reporting Law: IRS Comments (Published by GainsKeeper) - Sep 9, 2009
• The Complexity of Cost Basis Reporting (Published by Thomson Reuters BETA Systems) - Sep 2009
• Why C-Level Executives Should be Concerned About the New Cost Basis Reporting Rules (Published by Celent) - Sep 28, 2009
• Cost Basis Reporting Compliance CALL TO ACTION: An Industry Under-Prepared - Oct 14, 2009

Comment Letters on IRS Proposed Regulations for New Basis Reporting Requirement

• Wolters Kluwer Letter on Providing Penalty Relief to Stock Issuers for Delayed Reporting of Corporate Actions to the IRS Until Jan 17, 2012 - Feb 23, 2011
• Wolters Kluwer, KPMG Letter on Corporate Reorganizations on Form 1099-B - Jan 28, 2011
• ICI Letter to IRS and Treasury on Average Cost as Default Method - Jan 13, 2011
• Risk Management Association - Sep 15, 2010
• Association of Global Custodians - Sep 09, 2010
• FIS - Aug 05, 2010
• Information Reporting Program Advisory Committee (IRPAC) - Jul 14, 2010
• Wolters Kluwer Financial Services Letter on Wash Sales and Transferred Securities - Jul 1, 2010
• Wolters Kluwer Financial Services Letter on Wash Sales and Identical Securities - Jun 14, 2010
• SIFMA - Jun 11, 2010
• American Institute of Certified Public Accountants - May 28, 2010
• Investment Company Institute (Letter II) - May 25, 2010
• Otter Tail Corporation - May 24, 2010
• State Street Bank and Trust Company - Apr 23, 2010
• Wolters Kluwer Financial Services Letter on Corporate Action Information Statements - Mar 30, 2010
• KPMG - Mar 09, 2010
• American Bankers Association (ABA) - Feb 12, 2010
• Broadridge - Feb 11, 2010
• FIF Letter to IRS on Proposed Cost Basis Regulations - Feb 08, 2010
• Information Reporting Program Advisory Committee (IRPAC) - Feb 26, 2010
• Investment Company Institute (Letter I) - Feb 08, 2010
• Investment Industry Association of Canada - Feb 08, 2010
• New York State Society of CPAs - Feb 08, 2010
• SIFMA - Feb 08, 2010
• Wolters Kluwer Financial Services Letter on Proposed Cost Basis Regulations - Feb 08, 2010
• Scivantage - Feb 08, 2010
• Shareholder Services Association - Feb 08, 2010
• Silver Management Group - Feb 08, 2010
• State Street Bank and Trust Company - Feb 08, 2010
• Chapman and Cutler LLP - Feb 05, 2010
• Fidelity Transfer Company - Feb 05, 2010
• Securities Transfer Association - Feb 05, 2010
• myStockOptions.com - Jan 29, 2010
• Taxpayer (Kaye A. Thomas) - Feb 2010
• Taxpayer (Gudaro Rao) - Feb 18, 2010
• Wolters Kluwer Financial Services, Prioritization Cost Basis Prop Reg Comments - Jan 21, 2010

Comment letters on IRS Notice 2009-17

• American Bankers Association (ABA) - Mar 3, 2009
• Association of Global Custodians - Apr 20, 2009
• Broadridge - Mar 30, 2009
• Computer Research Inc. (CRI) - Mar 2, 2009
• Fairmark Press - Mar 23, 2009
• FIF Letter to Treasury - Nov 25, 2009
• FIF (Letter III) - Nov 13, 2009
• FIF (Letter II) - Apr 07, 2009
• FIF (Letter I) - Feb 27, 2009
• GainsKeeper (Wolters Kluwer Financial Services) - Mar 16, 2009
• HoganTaylor LLP - Feb 9, 2009
• Information Reporting Program Advisory Committee (IRPAC) - Mar 2, 2009
• IRPAC Response to Specific Questions in the Notice - Mar 2, 2009
• IRPAC Additional Responses to Specific Questions in the Notice - Aug 7, 2009
• Investment Company Institute - Apr 9, 2009
• Investment Industry Association of Canada - Mar 16, 2009
• Mac Paper, Inc. - Feb 7, 2009
• National Association of Enrolled Agents - Feb 25, 2009
• SIFMA - Apr 09, 2009
• Securities Transfer Association (Letter III) - Letter to the Treasury - Sep 9, 2009
• Securities Transfer Association (Letter II) - Mar 18, 2009
• Securities Transfer Association (Letter I)- Mar 2, 2009
• SunGard Wall Street Concepts - Mar 2, 2009
• Taxpayer (Stephen Metelits) - Feb 10, 2009
• Taxpayer (Joel Shwimer) - Mar 13, 2009
• Taxpayer (Arnold Slotkin, CPA) - Feb 9, 2009
• Taxpayer (Doug Thompson) - Apr 1, 2009
• Technical Tax Programming - Mar 2, 2009
• Wells Fargo & Company - Mar 26, 2009

Industry Meetings

• FIF Cost Basis Roundtable I - Sep 10, 2009
• FIF Cost Basis Roundtable II - Dec 10, 2009
• Dec 10, 2009 - FIF Cost Basis Roundtable II
• Sep 10, 2009 - FIF Cost Basis Roundtable - Attendee List, Meeting Agenda and Action Items

http://www.sifma.org/workarea/downloadasset.aspx?id=8589940054