H.R.878 - Simplification Through Additional Reporting Tax Act of 2007

To amend the Internal Revenue Code of 1986 to require broker reporting of customer's basis in securities transactions, and for other purposes. view all titles (2)

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  • Short: Simplification Through Additional Reporting Tax Act of 2007 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to require broker reporting of customer's basis in securities transactions, and for other purposes. as introduced.

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Introduced
 
House
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President
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02/06/07
 
 
 
 
 
 
 

Official Bill Text Comment on about 3 Pages

Official Summary

2/7/2007--Introduced.
Simplification Through Additional Reporting Tax Act of 2007 - Amends the Internal Revenue Code to include within the reporting requirements of investment brokers the adjusted basis of any security owned by customers of such brokers.




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