G2 FinTech Bolsters Cost Basis Reporting Tool
The new tool also adds a tax lot retirement engine to TaxGopher, G2's well-established tax analysis solution for accurate information on taxable gains and losses. In addition to fixed income and options, which are included in the third phase of 1099-B adoption, the tool can produce compliance reports for equities, mutual funds, and exchange-traded funds.
TaxGopher+ comes as G2 looks to enhance functionality for additional rules and geographies to its offerings in 2013. "G2 FinTech will further our efforts to expand beyond the US tax code and help the investment management community abroad address localization requirements related to specific overseas compliance and tax jurisdictions," says George Michaels, the vendor's CEO.
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