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Corporate Actions Tax Management: The Rules Have Changed

  • As a result of the cost basis reporting law, you now need additional, corporate actions tax information-including IRS Form 8937 details, to adjust the basis of covered foreign and domestic securities and provide accurate 1099-B and transfer reporting information-or face significant penalties.

    Manage the change in this new world of corporate actions tax reporting

    Tax, legal and operations professionals count on us for unparalleled foreign and domestic corporate actions tax content and technology for compliance with the cost basis law. Our Corporate Actions Tax Solution Suite includes:

    • BasisPro—Automated basis calculator
    • BasisPro Inheritance—Automated stepped up basis batch processing
    • Capital Changes—In-depth content and tax analysis, including 305(c) alerts  
    • CISR™ 8937—IRS Form 8937 issuer statement & ROC reporting service
    • FATCA GFD—our FATCA grandfathered debt service, monitors whether debt instruments lose their FATCA withholding exemption status due to a material modification.
    • FCATS™—Automated delivery of foreign & domestic corporate actions taxability.