(Editor’s Note: We are knee deep in the stressful tax season. This year will be particularly challenging as broker/dealers for the first time have to report to the Internal Revenue Service (IRS) the adjusted cost basis—the actual, realized gains and losses—for securities transacted in 2011. The changes are a result of the Emergency Economic Stabilization Act of 2008—the TARP law—and subsequent IRS regulations that will require firms to fill out the new Form 1099-B. As luck would have it, there is a twist.