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Investing
IRS Issues Rules for Providing K-1s Electronically
March 23, 2012IRS News Release
The IRS recently issued guidance regarding the electronic delivery of Schedules K-1 to recipient partners. Many partnerships have been furnishing Schedule K-1s to their partners for years, and this newly issued Revenue Procedure now outlines the specific requirements of partnerships in furnishing this information electronically.
Dodging a 'Cost Basis' Crisis
March 14, 2012The Wall Street Journal
New laws now require brokerages to not only report sales proceeds, but your cost basis in stocks you sell. The new rules apply to stocks bought in 2011 and later, so your 1099 looks a little different this year. The following article from the Wall Street Journal outlines some of the issues involved.
How to Pay Your Financial Advisor
January 23, 2012The Wall Street Journal
Here is a recent article which discusses some of the ways for you to pay your financial advisor. How you structure these fees can affect your taxes.