IRS Postpones Basis Reporting Rules for Debt Instruments and Options

The IRS postponed for one year the basis and gain reporting rules under Secs. 6045(g), 6045(h), 6045A, and 6045B for debt instruments and options.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/AQxL7-FX8MU/NewsNotes_July2012-story-01.aspx

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