In re The Boeing Company Securities Litigation
Court: U.S. Court of Appeals (Fourth Circuit) Amicus Issue: Whether class action plaintiffs can satisfy the requirements of Comcast Corp.…
The Securities Industry Association (SIA)* provides comments to the Internal Revenue Service (IRS) on Coverdell ESA reporting. Some of the information requested on the 1099-Q and 5498-ESA forms, specifically the cost basis of distribution may be impossible to obtain. Supplying cost basis may not yield information that a taxpayer would need to file his or her tax return. And in most cases the taxpayer is the best or only source of cost basis information. SIA urges the IRS to reconsider the requirement to report the basis of distibutions on form 1099-Q and the establishment of more reasonable filing deadlines for the 5498-ESA.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.
Court: U.S. Court of Appeals (Fourth Circuit) Amicus Issue: Whether class action plaintiffs can satisfy the requirements of Comcast Corp.…
SIFMA provided additional comments to U.S. Securities and Exchange Commission (SEC) in response to The NASDAQ Stock Market LLC’s (“Nasdaq”)…
SIFMA, SIFMA AMG, American Bankers Association (ABA), Bank Policy Institute (BPI), Institute of International Bankers (IIB), Investment Company Institute (ICI),…