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TREAS/IRS RIN: 1545-BI66 Publication ID: Fall 2009 
Title: ●Basis Reporting by Securities Brokers 
Abstract: This action proposes new and amended regulations under 26 CFR part 1 to provide guidance regarding the requirement that brokers begin reporting the basis of securities sold by customers on Form 1099-B. The requirement for basis reporting was added by section 403 of the Energy Improvement and Extension Act of 2008 enacted on October 3, 2008. The Act also amended section 1012 to provide new rules for determining the basis of certain securities subject to the new reporting requirements. The new reporting requirements and basis rules generally begin to take effect on January 1, 2011. 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
CFR Citation: 26 CFR 1   
Legal Authority: 26 USC 1012    26 USC 6045    26 USC 6045A    26 USC 6045B    26 USC 7805    ...   
Legal Deadline:  None
Action Date FR Cite
NPRM  12/00/2009    
Additional Information: REG-101896-09 Drafting attorney: Stephen J. Schaeffer (202) 622-4910 Reviewing attorney: James C. Gibbons (202) 622-4910 CC: PA: Branch 1
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Stephen J. Schaeffer
Department of the Treasury
Internal Revenue Service
Room 5531, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 622-4910
Fax:202 927-9248