I answered by telling him there was no quick answer to his question. Because of extensive capital-gains tax rate changes in the new law, the IRS had to redesign Schedule D, the form investors use to report capital gains and losses. The just released new form has 54 lines. The old form had only 19 lines, plus a separate 13 line worksheet. The IRS says it couldn't complete the new form until now because of ambiguities in the new law that weren't resolved by Congress until recently.
Many accountants view their goal as minimizing their clients' taxes.
I like to see my clients pay more taxes - because their earnings and profits are increasing dramatically. I can make a major difference in achieving those profits. Talk to me and find out more. Several companies can supply you with blank stock acceptable to the banking industry. Restrict access to a minimum number of trusted employees, and have control numbers printed on the back of the stock for added security.