![Webinar: IRS Form 8937 Impact on ROC Reporting for 2012 Form 1099 [Complimentary]](https://www.ftfnews.com/wp-content/uploads/2013/01/7bb54b0499-2440-47f4-927f-ad4485f926df7d_2011_registernow_blue-150x39.jpg){kind=small}
New IRS Form 8937 Puts Brokers Between a ‘ROC’ and a Hard Place for 2012 Form 1099 Reporting Return of capital (ROC) reporting season is here. Under the cost basis reporting law, brokers must now make basis adjustments for ROCs and other amounts reported on the new IRS Form 8937. With some 2,000 Form 8937s
Compliance
“What Is” The Foreign Account Tax Compliance Act (FATCA)?
The Foreign Account Tax Compliance Act (FATCA) is a regulation enacted by the U.S. federal government to stem tax evasion by US citizens and residents using offshore accounts. Under FATCA, the government will obtain information to foster more transparency into offshore accounts. FATCA is projected to raise $7.6 billion in revenues over the next decade.
Back-Office
Transforming Uncertainty into Opportunity
Guest Contributor: Dan Retzer, Managing Director and Chief Technology Officer, XSP That coexistence between the ISO 15022 and 20022 messaging standards presents challenges to the producers and consumers of financial data is without question. These challenges, however, also yield opportunities for solutions providers, vendors and consultants that possess demonstrated expertise in both standards. This juxtaposition
Corporate Actions
What’s Different About These Pictures?
Some of the exhibitors at our 6th Annual Corporate Actions Processing event this past Wednesday, had a little fun with our Summer 2012 print issue (yes, you can have fun even when talking about corporate actions). Can you spot the difference?
Corporate Actions
“What Is” Cost Basis Reporting?
Cost Basis Reporting (CBR) is the process of identifying the cost of a security, particularly in terms of the rules and regulations implemented by the Internal Revenue Service (IRS). Recently, CBR via brokerages underwent major changes as of Jan. 1, 2011 as a result of the Emergency Economics Stabilization Act of 2008, written to address
Conference and Event Planning
Last Call: Accepting Submissions for Corporate Actions Speakers
FTF is still accepting submissions for speakers at our 6th Annual Corporate Actions Processing Conference, to be held on October 3, 2012 at Bayard’s in New York. Please contact me ASAP as our speaker roster is first come, first serve. We are looking to fill our speaker roster by Wednesday, September 12th. For more information
Corporate Actions
“What is” Reference Data?
The term reference data is most commonly used by information technology (IT) professionals in the financial sector to categorize data that describes financial transactions and helps identify the participants in those transactions. Reference data was established by regulatory agencies in order to increase trade efficiency and to help firms manage risk. In short, reference data
Corporate Actions
Securing an IT Budget for a Corporate Actions Project
Guest Blogger: Kevin Cullen, Communications & Marketing Director at Information Mosaic Since the financial downturn, getting budget for any project seems harder than ever. With the renewed emphasis on regulation, risk mitigation, and data standardization, the focus may have turned away from front-office and trading to the middle-office and post-trade areas. In the case of
Back-Office
Corporate Actions in the Cloud, ISO 20022 and Data Barriers, Oh My
It’s official. The preliminary agenda for the FTF 6th Annual Corporate Actions Processing Conference is up, live and ready for your viewing pleasure. This year, we will be focusing on how corporate action departments can overcome real-time reporting requirements, changes in tax law and ever-tightening IT budgets. Attend our 6th annual Financial Technologies Forum’s Corporate
Compliance
The Silver Butterfly Case – Straddles 101: Why tax straddles are important to a tax-aware portfolio strategy
Guest Contributor: George Michaels, G2 FinTech With tax season right around the corner, we wanted to shed some light on the historical creation of straddles and why they are important to a tax-aware portfolio strategy. A straddle is a set of investment transactions that simultaneously take two offsetting positions on the same underlying security; one of
