Table of Contents

• T.D. 9504
  • AGENCY:
  • ACTION:
  • SUMMARY:
  • DATES:
  • FOR FURTHER INFORMATION CONTACT:
  • SUPPLEMENTARY INFORMATION:
    • Paperwork Reduction Act
    • Background
    • Summary of Comments and Explanation of Revisions
    • 1. Effective Date
    • 2. Basis Determination—Average Basis Method
    • a. Definition of Dividend Reinvestment Plan
    • i. Acquisition of Stock
    • ii. Dividend Reinvestment
    • iii. Definition of Dividend
    • b. Definition of Regulated Investment Company
    • c. Definition of Identical Stock
    • d. Time and Manner of Making the Average Basis Method Election
    • i. Requirement for Affirmative Election
    • ii. Scope of Average Basis Method Election
    • iii. Written Average Basis Method Election
    • iv. Transition Rule From Double-Category Method
    • e. Change in Method of Accounting
    • f. Account by Account Rules
    • g. Single-Account Election
    • i. Identity of Account Ownership
    • ii. Effect on the Single-Account Election of Revoking or Changing From the Average Basis Method
    • iii. Accurate Basis Information Requirement
    • 3. Other Basis Determination Issues
    • a. Use of Agent To Select Basis Determination Method
    • b. Cost Basis of Multiple Lots Purchased on One Day
    • c. Identification of Securities Sold
    • i. Standing Orders
    • ii. Confirmation of Sales
    • iii. Application of FIFO Rule Account by Account
    • 4. Returns of Brokers
    • a. Form and Manner of Broker Reporting Requirements
    • b. Identification of a Security as Stock
    • c. Covered Securities
    • d. Foreign Intermediaries
    • e. Treatment of Foreign Securities
    • f. Determination of Basis and Whether Gain or Loss on the Sale Is Long-Term or Short-Term
    • i. Regulated Investment Companies and Real Estate Investment Trusts
    • ii. Straddles and Hedging Transactions
    • iii. Events Occurring Outside the Account
    • iv. Basis Determination Method
    • v. Long-Term or Short-Term Gain or Loss
    • vi. Commissions and Options Proceeds
    • vii. Employee Compensation-Related Issues
    • viii. Payments in a Foreign Currency
    • g. Customer Identification of Securities
    • h. Reporting of Wash Sales
    • i. Reporting of Short Sales
    • j. Reporting of Sales by S Corporations
    • k. Reporting to Trust Interest Holders in a WHFIT
    • l. Due Date for Payee Statements Furnished in a Consolidated Reporting Statement
    • 5. Reporting Required in Connection With Transfers of Securities
    • a. Scope of Transfer Reporting
    • b. Information Furnished on a Transfer Statement
    • c. Reporting of Transfers of Gifted and Inherited Securities
    • d. Other Transfer Reporting Issues
    • 6. Reporting by Issuers of Actions Affecting Basis of Securities
    • 7. Penalty Provisions
    • Effective/ Applicability Dates
    • Effect on Other Documents
    • Special Analyses
  • Adoption of Amendments to the Regulations
    • PART 1—INCOME TAXES
    • PART 31—EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT THE SOURCE
    • PART 301—PROCEDURE AND ADMINISTRATION
    • PART 602—OMB CONTROL NUMBERS UNDER THE PAPERWORK REDUCTION ACT
  • Drafting Information
• T.D. 9503
  • AGENCY:
  • ACTION:
  • SUMMARY:
  • DATES:
  • FOR FURTHER INFORMATION CONTACT:
  • SUPPLEMENTARY INFORMATION:
    • Background
    • Summary of Comments
    • 1. Tax Return Preparers Who Already Are Subject to Fees
    • 2. Calculation of the User Fee
    • 3. Renewing a PTIN
    • 4. The Amount of the User Fee
    • 5. Burden Imposed by the User Fee
    • 6. Use of a Third Party Vendor
    • Effective/Applicability Date
    • Special Analyses
    • Final Regulatory Flexibility Analysis
    • A statement of the need for, and the objectives of, the final rule.
    • Summaries of the significant issues raised in the public comments responding to the initial regulatory flexibility analysis and of the agency’s assessment of the issues, and a statement of any changes made to the rule as a result of the comments.
    • A description and an estimate of the number of small entities to which the rule will apply or an explanation of why an estimate is not available.
    • A description of the projected reporting, recordkeeping, and other compliance requirements of the rule, including an estimate of the classes of small entities subject to the requirements and the type of professional skills necessary for preparation of a report or record.
    • A description of the steps the agency has taken to minimize the significant economic impact on small entities consistent with the stated objectives of applicable statutes, including a statement of the factual, policy, and legal reasons for selecting any alternative adopted in the final rule and why other significant alternatives affecting the impact on small entities that the agency considered were rejected.
  • Adoption of Amendments to the Regulations
    • §300.0 User fees; in general.
    • §300.1 Installment agreement fee.
    • §300.2 Restructuring or reinstatement of installment agreement fee.
    • §300.3 Offer to compromise fee.
    • §300.4 Special enrollment examination fee.
    • §300.5 Enrollment of enrolled agent fee.
    • §300.6 Renewal of enrollment of enrolled agent fee.
    • §300.7 Enrollment of enrolled actuary fee.
    • §300.8 Renewal of enrollment of enrolled actuary fee.
    • §300.9 Fee for obtaining a preparer tax identification number.
  • Drafting Information