Final Regulations Govern Sec. 6045 Reporting of Debt Instruments by Brokers
The Internal Revenue Service on Wednesday issued final regulations on the rules for brokers to report transactions involving debt instruments and options, including original issue discount.Â The rules finalize temporary and proposed rules issued last year, with a few changes in response to comments.Â Sally P. Schreiber senior editor for The Tax Adviser, explains.
To read the full article in The Tax Adviser, click: Final Regulations Govern Sec. 6045 Reporting of Debt Instruments by Brokers.