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Information Reporting: IRS Could Improve Cost Basis and Transaction Settlement Reporting Implementation
註釋Effective implementation of two 2008 laws by the IRS could increase taxpayers' voluntary compliance. Those laws require reporting to IRS and taxpayers of cost basis for sales of certain securities and of transaction settlement information (i.e., merchants' income from payment cards or third party networks). This report: (1) assesses IRS's implementation plans for the laws; (2) determines the extent to which IRS issued timely regulations and guidance and did outreach; (3) examines how IRS will use the new data to improve compliance; and (4) analyzes IRS's plans to assess implementation and measure performance and outcomes. Includes recommendations. Charts and tables. This is a print on demand report.