The New Norm

The IRS cost basis reporting regulations have ushered in a new reality for financial institutions.  As the industry concludes this tax reporting season, it is evident that tax season has become a year-round event.  From ongoing wash sales monitoring to account corrections and transfers, financial institutions are being challenged to keep pace.  With Fixed Income & Options reporting requirements on the horizon, it is not going to get any easier. Are your Cost Basis Systems Fully Prepared?

Download our complimentary, on-demand webcast to hear lessons learned from this tax reporting season and gain critical insight into the proposed regs for Fixed Income & Options. Discover how Scivantage Maxit® can help your firm prepare for the new norm, as cost basis accuracy and a high-level of automation have never been more essential.

 
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By the Numbers

With more than 100 million IRS 1099s processed this tax reporting season, Scivantage Maxit delivered the results our retail and institutional clients needed to ensure a high-level of client satisfaction and long-term compliance.  Maxit’s sophisticated data management capabilities continue to set it apart―processing and managing high volumes of data to ensure cost basis accuracy and data consistency with a firm’s books and records.

The following Infographic offers our key success points for the latest tax reporting season! For more information, feel free to contact us at info@scivantage.com.

Complimentary On-Demand Webcast

Cost Basis Reporting: Looking Ahead
A Critical Look at the Proposed Fixed Income & Options Reporting Requirements
Hosted by Scivantage® and SunGard WallStreetConcepts

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