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.
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 firstname.lastname@example.org.
Complimentary On-Demand Webcast
Cost Basis Reporting: Looking Ahead
A Critical Look at the Proposed Fixed Income & Options Reporting Requirements
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