Cost Basis Tools Will Help Explain Tax Rules to Clients Issue 22, 2012 0 Pershing introduced a collection of new tools and resources to help you explain 2011 tax rules and new cost basis changes to your clients. The new cost basis Frequently Asked Questions (FAQs) will prepare you for these discussions.

Given the complexity of these cost basis changes, we strongly suggest that you review this information. In addition to the new FAQs...
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Cost Basis Tools Will Help Explain Tax Rules to Clients

Issue 22, 2012

Pershing introduced a collection of new tools and resources to help you explain 2011 tax rules and new cost basis changes to your clients. The new cost basis Frequently Asked Questions (FAQs) will prepare you for these discussions.

Given the complexity of these cost basis changes, we strongly suggest that you review this information. In addition to the new FAQs, you can find all of our cost basis communications and educational tools in the Cost Basis center in Resources via NetX360®. A few highlights include:

  • Replays of Pershing's 2011 cost basis webcasts
  • Sample client communications
  • 2011 Tax Handbook

Please visit the Cost Basis center in Resources via NetX360 to learn more (search keyword "cb-info" in the Resources or Material Catalog search bar). Visit the center in the coming months to access new announcements and tools.

Note that on January 1, 2012, phase two of the Internal Revenue Service's cost basis reporting requirements was rolled out. This includes newly acquired mutual fund shares, stock in eligible dividend reinvestment plans (DRPs) and exchange traded funds (ETFs) that are treated like mutual funds for tax purposes.

For Professional Use Only. Not for public distribution

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