Notice 2012-34 responds to comments on the proposed regulations relating to basis reporting by brokers for debt instruments and options published in the Federal Register on November 25, 2011 (REG-102988-11). Notice 2012-34 provides that the Treasury Department and the Internal Revenue Service intend to delay the proposed effective dates for reporting for debt instruments and options under sections 6045(g), 6045(h), 6045A, and 6045B from January 1, 2013, to January 1, 2014.
