Tag: verify

How Does the IRS Verify Cost Basis?

A financial advisor explaining to clients how cost basis is verified. The IRS expects taxpayers to keep the original documentation for capital assets, such as real estate and investments. It uses these documents, along with third-party records, bank statements and published market data, to verify the cost basis of assets. This is an issue that […]

UN unable to verify details surrounding Il-76 crash

Representatives of the United Nations are unable to verify information about the circumstances surrounding the crash of a Russian Il-76 military transport aircraft, which occurred on 24 January near Belgorod, Russia. Source: Rosemary Dicarlo, UN Under-Secretary-General, at a meeting of the UN Security Council, as reported by Suspilne Quote: “According to Russian authorities, the plane […]