In addition to the guidance offered in this document, each issuer should review the final IRS regulations to ensure it understands potential impact to its organization.
The legislation specifically states issuer responsibilities in regards to corporate action events that affect cost basis of securities and issuers should refer to the final IRS regulations for clarification. Details can be found on page 64082 in the section titled, “Reporting by Issuers of Actions Affecting Basis of Securities.”