Tax help for AT&T investors. AT&T is being acquired by SBC Communications and has gone through a number of other deals and spin-offs, making tax issues difficult to navigate. Investors will need to reconstruct all of their records back to their initial purchase of AT&T stock to find out the cost basis that will determine their profit or loss when the takeover by SBC is complete sometime next year. Information: AT&T, 800348-8288, www.att.com/ir/ss/tbi. If you accept the SBC stock offer and don't sell your shares, you can delay paying taxes until you sell the new SBC shares you receive.
Charles Carlson, CFA, CEO, Horizon Publishing Company, Hammond, Indiana, which sells software on-line to help investors figure out their cost basis in AT&T stock. Annual subscription: $19.95. www.atttaxcalculator.com