Plan to close "tax gap" may force brokers to report what investors pay
Plan to close "tax gap" may force brokers to report what investors pay
Brokers, mutual funds and others in the financial services industry may soon be required to tell the IRS the original price that investors pay for securities. A bipartisan group of legislators is backing a plan to close the "tax gap" by making it harder for taxpayers to understate their capital gains.
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tax, IT, regulation, tax gap, regulatory reporting
Brokers, mutual funds and others in the financial services industry may soon be required to tell the IRS the original price that investors pay for securities. A bipartisan group of legislators is backing a plan to close the "tax gap" by making it harder for taxpayers to understate their capital gains.
full story
tax, IT, regulation, tax gap, regulatory reporting
Labels: IT, regulation, regulatory reporting, tax, tax gap
posted by Victor Lloyd Smith @ 4:25 PM
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