Basis

• Tax basis

• Accrual basis accounting

• Cash basis accounting

• The United Kingdom's Bribery Act 2010: Implications for Companies on a Global Basis.

Bribery blights lives. Its immediate victims include firms that lose out unfairly. The wider victims are government and society, undermined by a weake...

• Mondaq Business Briefing
• Nbr. 2011, January 2011

• Basis Reporting by Securities Brokers and Basis Determination for Debt Instruments and Options; Reporting for Premium

This document contains final regulations relating to reporting by brokers for transactions involving debt instruments and options. These final regulations reflect changes in the law made by the Energy Improvement and Extension Act of 2008 that require brokers when reporting the sale of securities to the IRS to include the customer's adjusted basis in the sold securities and to classify any gain or loss as long-term or short-term. These final regulations also implement the requirement that a broker report gross proceeds from a sale or closing transaction with respect to certain options. In addition, this document contains final regulations that implement reporting requirements for a transfer of a debt instrument or an option to another broker and for an organizational action that affects...

• Federal Register Nbr. 78 FR 23116, April 18, 2013
• Rules and Regulations
• Treasury Department

• Understanding Basis Risk in Insurance Contracts

There is a tremendous amount of resources being tied up in litigation between insurance companies and policyholders over things like the extent of coverage for various loss scenarios or allegedly bad faith delays in settlement payments. The fact that policyholders formally dispute insurer coverage positions or claims payment strategies gives credibility to the idea that mismatches exist between what policyholders expect insurance policies to cover and what the insurance contracts actually provide as loss indemnification. This mismatch essentially represents insurance basis risk, the analysis of which can more accurately reflect the value and overall efficiency of insurance contracts and suggest factors that may influence policyholder dissatisfaction and consequently insurance contract d...

• Risk Management and Insurance Review
• Vol. 9 Nbr. 1, April 2006

• Clubs. Unless Noted, Listings Are On a Weekly Basis.. Acoustic. ...[Derived Headline]

CLUBS Unless noted, listings are on a weekly basis.

• Tribune - Review / Pittsburgh Tribune - Review
• April 10, 2013

• 8 CFR 216.6 - Petition by entrepreneur to remove conditional basis of lawful permanent resident status.

• Code of Federal Regulations - Title 8: Aliens and Nationality

• 8 CFR 1216.6 - Petition by entrepreneur to remove conditional basis of lawful permanent resident status.

• Code of Federal Regulations - Title 8: Aliens and Nationality

• Basis Overstatement Still Does Not Trigger Six-Year Limitations Period

Once again, the Tax Court has dealt with a remarkably vexing issue: whether an overstatement of basis should allow the IRS to extend the statute of limitations for the assessment of tax from three years to six. Intermountain Insurance Service of Vail LLC v. Commissioner (134 TC No. 11 (2010)) adds to an increasing body of case law against the IRS. Tax advisors should expect the IRS to get off the mat and continue to challenge taxpayers. The background and evolution of this issue are fascinating because they involve the struggle to interpret relatively straightforward words in a fundamental, procedural statute. If a taxpayer "omits" from gross income an amount properly includable therein which exceeds 25% of the amount of gross income stated in the return, the limitations period for asse...

• CPA Journal, The
• Vol. 81 Nbr. 3, March 2011

• Basis Reporting by Securities Brokers and Basis Determination for Debt Instruments and Options

This document contains proposed regulations relating to reporting by brokers for transactions related to debt instruments and options. The proposed regulations reflect changes in the law made by the Energy Improvement and Extension Act of 2008 (the Act) that require brokers when reporting the sale of securities to the IRS to include the customer's adjusted basis in the sold securities and to classify any gain or loss as long-term or short-term. The proposed regulations also implement the Act's requirement that a broker report gross proceeds from a sale or closing transaction with respect to certain options. In addition, this document contains proposed regulations that implement reporting requirements for a transfer of a debt instrument or an option to another broker and for an organizat...

• Federal Register Nbr. 76 FR 72652, November 25, 2011
• Proposed rules
• Treasury Department

• 40 CFR 228.15 - Dumping sites designated on a final basis.

• Code of Federal Regulations - Title 40: Protection of Environment

• 42 CFR 402.1 - Basis and scope.

• Code of Federal Regulations - Title 42: Public Health