The Ins and Outs of New Reporting Rules in 2012Ken Berry
February 14, 2012 — 198 views
New cost basis reporting rules now apply, for the first time ever, to Form 1099-B sent to investors and the IRS. But other onerous reporting rules for businesses and landlords scheduled to take effect in 2012 have been repealed. Are you confused? You're not alone. Here's a brief recap on what is and isn't taking place this year.