February Town Hall Meeting

PLEASE JOIN US FOR A COST BASIS “TOWN HALL MEETING” WEBINAR

“How Will the New Cost Basis Legislation Affect Me?”

Sponsored by NetWorth Services, Inc. & H&R Block, Inc.

OPEN TO THE PUBLIC

As with most tax laws changes, taxpayers are the last to fully understand the details of a new law and exactly how it will impact them. NetWorth Services and H&R Block are hosting this informative and interactive webinar in order to provide the general investing public as well as investment professionals and tax practitioners with insight into the details of the new cost basis legislation; the potential issues that may impact taxpayers; and effective solutions to ensure compliance.

Agenda:

• Overview of Cost Basis Legislation – A detailed review of the new cost basis tax law and how it will impact taxpayers.
• Top 5 Issues that may impact investors/taxpayers

1. Covered vs. non-covered securities
2. Sales method selection vs. default method
3. Wash sales
4. Gifted and inherited securities
5. Fines & penalties for incorrect cost basis reporting

• Review of new Form 8949 and the revised Schedule D
• Demonstration of compliance solutions
• Questions and Answers session

Host: Nico R. Willis, CEO of NetWorth Services, Inc.

In 1997, Nico R. Willis founded NetWorth Services, which offers a suite of cost basis and financial solutions that have been adopted by many leading financial institutions, government agencies, Fortune 500 organizations, universities and endowments, as well as individual investors. Before founding NetWorth, Willis was an investment broker and held the title of vice president for various well-known prestigious financial institutions. He managed over $90 million in assets for individual investors. Willis co-created and co-hosted a radio talk show called “The Wall Street Hour,” which featured financial news and influential guests. He has been a guest on several national new programs and as well as interviewed for financial trade and consumer financial publications. He also wrote Death of the American Investor, which is available in bookstores everywhere and online.

Jackie Perlman, CPA, MSA, H&R Block

Jackie Perlman is a Principal Research Analyst for H&R Block’s Tax Institute’s Tax Law and Policy Center team. She has been with the company for 12 years. Her current job duties include monitoring, analyzing, and explaining tax legislative, regulatory, and judicial changes. She serves as editor for TAX in the news – a weekly newsletter for tax professionals. Jackie is a member of Beta Gamma Sigma, the honor society for collegiate schools of business. She is also a member of the Missouri Society of CPAs, the National Society of Tax Professionals, and the National Association of Enrolled Agents.

Contributor: Ben L. Brener, CPA

Ben L. Brener is a current practicing certified public accountant with offices in Chicago, IL and is a long time member of the American Institute of Certified Public Accountants; Illinois CPA Society; Division for CPA Firms Private Companies Practice Section; IRS Tax Practioners’ Liaison Committee; Tax Practioners of Illinois.

NetWorth Services, Inc.(NWS) (www.networthservices.com) is an award-winning financial web application and database software company, headquartered in Phoenix Arizona, with offices in New York and Philadelphia, PA. In response to the increased demand for an accurate and efficient automated cost basis calculation solution, NetWorth developed its flagship product, Netbasis in 1997, which quickly and accurately determines the adjusted Cost Basis or original price of financial securities regardless of their history of capital changes. Financial solutions developed by NetWorth have been adopted by many leading financial institutions, transfer agencies, tax preparation software companies, accounting firms, money managers, government agencies, Fortune 500 companies, universities, endowments and individual investors.

HR Block, Inc. (www.hrblock.com) is one of the world’s largest tax services providers, utilizing more than 100,000 highly trained tax professionals and having prepared more than 550 million tax returns worldwide since 1955. In addition we:

• Prepared 1 in every 7 U.S. tax returns.
• Prepared more than 24 million tax returns worldwide in 2010.
• Have a retail office within 5 miles of most Americans.
• Have prepared more than 50 million digital tax returns since 1994.