Form 8949 Capital Gains Reporting and Impact of 3.8% Medicare Tax

Mastering Complex Calculations and Information Gathering Amid Intensified IRS Scrutiny

Recording of a 110-minute CPE webinar with Q&A

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Conducted on Tuesday, December 10, 2013

Recorded event now available

or call 1-800-926-7926
Course Materials

This course will provide tax return preparers with an understanding of difficult cost basis reporting issues and offer best practices for accurately completing Form 8949.


Tax advisors and preparers must ensure accurate cost basis reporting decisions on Form 8949, which involves highly complex and time-consuming data collection and analysis. New brokerage firm reporting rules on cost basis have further increased the challenges for tax professionals dealing with securities sales.

The IRS emphasis on Form 8949 reporting means accurate compliance must be a high priority for preparers. And, the new IRS scrutiny of Form 8949 reporting against broker reporting on Form 1099-B demands consideration and careful reconciliation.

Listen as our panel of veteran advisors identifies and explains the most difficult aspects of preparing Form 8949. The panel will outline approaches for you to properly report capital gains and stay ahead of potential audit red flags and common cost basis reporting errors.



  1. Cost basis rules
  2. Purpose of Form 8949
  3. IRS enforcement and audit environment to date
  4. Preparation of Form 8949
    1. Lessons learned in 2012 and 2013
  5. Difficult compliance issues related to Form 8949


The panel will explore such topics as

  • Completing Form 8949: The key computations to arrive at correct data.
  • Anticipating and correcting common errors in completing Form 8949.
  • Mitigating or avoiding consequences for noncompliance.
  • Handling multiple Form 8949 filings.

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.


David Schlein
David Schlein

Tax Partner
Lumsden & McCormick

He has more than 30 years of experience in services to closely held family run businesses, high net worth individuals...  |  Read More

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