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A common letter from the IRS involves stock sales in which the cost-basis for a stock sale was not reported on the return and the IRS imputed a cost-basis of zero. A typical situation would be a Google employee who sells stock the day it vests and assumes that the brokerage will report the cost-basis to the IRS so the employee doesn’t report it. An IRS letter will demand several thousand dollars in tax because the entire sale price is counted as gain. There was no gain, so there is no tax due. Reporting the cost-basis of all stock sales yourself is a best practice.