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ICI Webinar on Cost Basis Reporting: Preparing for Tax Reporting Season

ICI hosted a webinar on July 17, 2012, from 1:00–2:30 p.m. (ET), on the impact of cost basis reporting on tax reporting by mutual funds and their investors. This 90-minute webinar was designed for mutual fund operations and tax compliance professionals.

MATERIALS

HIGHLIGHTS

The webinar focused on:

  • The effect of the mandatory cost basis reporting rules on information reporting by mutual funds and their shareholders, with an emphasis on IRS Forms 1099-B and 8937
  • Examples demonstrating the cost basis reporting process, from calculation by the fund to reporting by the shareholder
  • Open issues faced by the industry

Speakers included:

  • Jeff Cook, Director of Regulatory Compliance, DST Systems, Inc.
  • Karen Gibian, Associate Counsel, Tax Law, ICI
  • Tony Lam, Associate Tax Counsel, T. Rowe Price
  • Catherine Taylor, Vice President and Tax Counsel, Ameriprise Financial, Inc.