Over the last year Convey has been talking with our Brokerage clients and prospects about what is working and what is broken in their current relationships around tax reporting. The message we heard consistently was that they need a solution that integrates Cost Basis, Non-Resident Alien income reporting, securities factor data, OID (original issue discount) and dividend reallocation along with better consolidated tax statements (both electronically delivered and mailed), all within one solution.

On March 23, 2010, President Barack Obama signed the healthcare legislation into law. Now that the law is done, we are left waiting for the final IRS regulations to define how we are going to comply. For our purposes, the changes we are most interested in surround the expansion of the information reporting program to include corporations and all goods and services.