You can access the complete article by clicking
HERE.
Cost Basis related article:
ON THE MONEY: Determining your basis in an asset
Synopsis:"Whether or not a brokerage reports your cost basis to the IRS, you're responsible for reporting the correct amount when you file your taxes. And the accounting method you choose to identify the shares you sell can make a big difference in the amount you end up paying."
You can access the complete article by clicking
HERE.
Interested in what the financial markets are doing?
"Whether or not a brokerage reports your cost basis to the IRS, you're responsible for reporting the correct amount when you file your taxes. And the accounting method you choose to identify the shares you sell can make a big difference in the amount you end up paying."
This is especially true for estate and gift tax valuations which have to adhere to the stringent IRS regulations or risk the possibility of an audit. The figures provided on brokerage statements do not always satisfy these requirements.
ESI-APPRAISE valuations, which are in full compliance with
the regulations, are available via numerous delivery options.
Last month, we focused on our Estate Tax valuations which are our most frequently used service. Another popular type of valuation, which has to adhere to the same stringent IRS regulations are Grantor Retained Annuity Trusts (GRATs). Our clients have the capacity to produce these with or without accruals. Please take a moment to look at the sample reports below. If you click on the heading below, they will appear in more detail.
Here's how you can generate a
valuation with us (see below):
1. Secure online solutions (You produce the report and save money)
· APPRAISE Windows: Software on your computer; internet connection to access the data
· APPRAISE ASP: Software on our computer - data on yours; no installation or upgrades; can be accessed from any computer on your company network; more features than software
· APPRAISE Web: Internet application using credit card; can be run from anywhere
· ESI-Direct: No software; value your ONESOURCE securities using the internet from FPS
2. Outsourcing solution (we have the expertise, do the work, and save you time):
· Valuations can be submitted/delivered via email, fax, overnight courier, or mail
