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On Demand Web Seminars

IRS Notice: Comments On The Cost Basis Reporting Law – An update For Brokers & Custodians

Available On-Demand
Date Held: May 13, 2009

Source: GainsKeeper

Duration: 1 hour

Your key to getting through the cost basis reporting maze in time to meet compliance deadlines.


On Friday, February 6, 2009, the IRS released Notice 2009-17 requesting public comments regarding 36 important details relating to the new cost basis reporting law for review as it formulates guidance to assist brokers in complying with this law. It is essential that brokers and custodians stay abreast of these developments and take the needed actions today to be in compliance in time.

Understand comments to the IRS & get through the maze.

On Wednesday, May 13, 2009 at 2 PM ET, Wolters Kluwer Financial Services’ comment author & keynote speaker Stevie D. Conlon, Tax Director, GainsKeeper and comment contributors Dale Collinson, Director, Financial Institutions & Products, KPMG Washington National Tax and Steven M. Rosenthal, Esq., Partner, Ropes & Gray LLP, will provide:

- Clear insight into aspects of all the public comments submitted to the IRS about the new cost basis reporting law.
- The potential compliance impact of these comments on brokers’ software and tax reporting systems, particularly relating to corporate actions & wash sales.
- A live Q & A session.

Learn more about the law at www.costbasisreporting.com.

Copyright 2009 by Wolters Kluwer Financial Services & SourceMedia

Preparing For The New Cost Basis Reporting Law

Available On-Demand
Date Held: November 19, 2008

Source: Wolters Kluwer Financial Services

Duration: 1 hour

On October 3 2008, cost basis reporting by brokers to the IRS and to taxpayers became law as part of the Emergency Economic Stabilization Act of 2008. View this web seminar to hear Stevie D. Conlon, a nationally recognized tax attorney on the taxation of financial products, a CPA and Tax Director for GainsKeeper®, a part of Wolters Kluwer Financial Services, present key details about the law.

Looking for Trouble: Conducting Proper Branch Examinations

Available On-Demand
Date Held: June 5, 2008

Duration: 1 hour

Considering that the current statutory requirements have been in place for over 35 years, why do violations continue to occur? Is there a fundamental disconnect between a firm’s ability to stay compliant versus their ability to make a profit?
The level of competition within the securities industry and the growth of many brokerage firms due to mergers and expansion have increased the importance of diligent supervision. In addition, high-risk and short-term trading produces more commissions than conservative trading, but it also creates a greater need for close supervision.
Now, more than ever, there is an acute pressure on your compliance department to strike a balance between the firm’s productivity and adequate supervision. To help minimize your compliance risks, Wolters Kluwer Financial Services, is sponsoring a free one-hour web seminar.
Topics will include:

-How proper branch examinations can reduce risk
-Examinations in relation to annual reviews and certifications
-Best practices
-How changes in the regulatory landscape may change the way you perform examinations

Speakers:

- Patricia C. Foster, Principal, The Law Offices of Patricia C. Foster, Esq., PLLC
- Hedy Smit, First Vice President, Manager Retail Compliance Exams - Chicago, Wachovia Securities LLC

Moderator:

- Marian Raab, Contributing Editor, American Banker

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