Cost Basis and Complex Bonds

To date, we have completed various phases of the new tax reporting rules for cost basis.
The first phase took effect on January 1, 2011, and addressed equities. The second phase, which began
January 1, 2012, expanded to mutual funds. On April 18,2015 the US Treasury Department and IRS released the final regulations for cost basis reporting of debt instruments.  This is the third and final implementation phase of the cost reporting law, contained within the Energy Improvement and Stabilization Act of 2008. 
Debt Instruments:

• Phase III implementation will involve much more complexity and many more challenges than did complying with Phase I or II regulations, due to the inherently more complex nature of debt vs. equity securities.

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Cost Basis and Complex Bonds