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TREAS/IRS RIN: 1545-BI66 Publication ID: Fall 2010 
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: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1    26 CFR 31    26 CFR 301   
Legal Authority: 26 USC 1012    26 USC 6045    26 USC 6045A    26 USC 6045B    26 USC 7805    ...   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  12/17/2009  74 FR 67010   
NPRM Comment Period End  02/08/2010    
Outlines of Topics Due  02/08/2010    
Public Hearing  02/17/2010    
Final Action Completed by TD 9504  10/18/2010  75 FR 64072   
Additional Information: REG-101896-09 Drafting attorney: Stephen J. Schaeffer (202) 622-4910 Reviewing attorney: Nancy L. Rose (202) 622-4940 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
Attorney
Department of the Treasury
Internal Revenue Service
Room 5531, 1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 622-4910
Fax:202 927-9248
Email: stephen.j.schaeffer@irscounsel.treas.gov