GainsKeeper Press Release
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Minneapolis - 11/13/06
Wolters Kluwer Financial Services today announced that its cost basis calculator, BasisPro™, will be included in several TurboTax® products beginning in December.
Offered by GainsKeeper, a part of Wolters Kluwer Financial Services, BasisPro easily and automatically calculates historical cost basis. By handling cost basis information for mutual funds and all equities traded on any U.S. stock exchange, BasisPro calculates a security's cost basis in a matter of seconds by processing its sell information and original purchase date. BasisPro uses rich data on corporate actions, as well as sophisticated business rules, to accurately determine a stock's cost basis.
"By including BasisPro in TurboTax for 2006, we're able to vastly simplify a complex task for our customers," said Dan Maurer, vice president of marketing for the Consumer Tax division of Intuit. "Being able to easily and accurately determine the cost basis of an investment gives our customers confidence they're getting the best possible outcome."
"With its automated process and complete historical database, BasisPro provides investors with a highly-sophisticated tool," said David Stephens, executive vice president of the Securities and Insurance unit at Wolters Kluwer Financial Services. "This is particularly valuable for the millions of taxpayers who turn to TurboTax for expert guidance on handling more complex tax-related investments."
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization's prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™, CCH Wall Street and GulfPak. Wolters Kluwer Financial Services' solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, securities, and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.
About Wolters Kluwer
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2005) of €3.4 billion, employs approximately 18,400 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.