May 19, 1989
TO: TAX COMMITTEE NO. 8-89
OPTIONS AND FUTURES TASK FORCE NO. 4-89
RE: JUNE 1 MEETING ON SECTION 851(b)(4) ISSUES
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The Internal Revenue Service is presently reconsidering a
variety of section 851(b)(4) issues, including such questions as
who is the issuer of an option or a futures contract on a
security and what is the value of such an instrument for
diversification purposes. A meeting to discuss these issues will
be held at the Institute on Thursday, June 1 at 10:00 am. Lunch
will be served following the meeting. Please let
Wynetta Culbreath at the Institute (202/955-3525) know by
Tuesday, May 30 if you plan to attend the meeting on June 1.
Keith D. Lawson
Assistant General Counsel