New brokerage firm basis reporting rules for bonds, other debt instruments and options were scheduled to take effect Jan. 1, 2013. But brokers and financial services professionals asked the IRS for more time to update their systems and check for any glitches.
Now the IRS has extended the deadline until Jan. 1, 2014, to implement the new basis reporting rules.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/31958/one-year-reprieve-on-new-basis-reporting-rules "