S.601 - Simplification Through Additional Reporting Tax Act of 2007

A bill 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)

All Bill Titles

  • Official: A bill 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.
  • Short: Simplification Through Additional Reporting Tax Act of 2007 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
02/14/07
 
 
 
 
 
 
 

Official Summary

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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