ADMINISTRATIVE

T.D. 9503, page 706. Final regulations under 26 CFR 300 establishes a user fee to apply for or renew a preparer tax identification number.

T.D. 9504, page 670. Final regulations under section 6045 of the Code provide rules for stockbrokers regarding changes in the law that require them to report for certain sales the adjusted basis of the stock being sold and whether any gain or loss with respect to the sale is long-term or short-term. Final regulations under section 1012 of the Code address changes in the law that alter how investors compute basis when averaging the basis of shares acquired at different prices and that expand the ability of investors to compute basis by averaging. Final regulations under sections 6045A, 6045B, 6721, and 6722 of the Code address new reporting requirements imposed on issuers of securities for corporate actions that affect the securities basis and on brokers (including custodians and issuers of securities) for transfers of securities. Rev. Rul. 67–436 obsoleted. Rev. Proc. 2008–52 modified.

November 22, 2010 2010–47 I.R.B.