Clifton Gunderson LLP - A nationwide firm of Certified Public Accountants and Consultants

December 2011

Posted December 21, 2011

Read the Full Newsletter

In this Issue:

New Cost Basis Reporting and What It Means to You

The IRS Form 1099B that you will receive at the end of January 2012 will be different from 1099s you have received in the past. This new form will be chock full of information on the cost basis of investments sold in 2011.

Watch for New Information From Your Retirement Plan

New Department of Labor (DOL) regulations require administrators of 401(k), 403(b) and other defined contribution plans to begin disclosing a wealth of information about plan fees, expenses and investment options. Watch your inbox or mailbox.

Writing a Family Mission Statement

A family doesn’t need a name like Vanderbilt to benefit from a family mission statement. A mission statement is a collaborative document created by one or more generations of a family, so standards and goals can be set for the handling of family assets and philanthropy.