October 1, 1996
VIA FAX
TO: TAX COMMITTEE No. 31-96
RE: OCTOBER 7 MEETING ON EXCISE TAX PROPOSAL; OCTOBER 7 DINNER
______________________________________________________________________________
October 7 Meeting
As you know, the Tax Committee recently revised its meeting format so that interested
members of the Committee could meet the day before the "regular" Tax Committee meeting to
consider in detail a "current development." When we scheduled the October 7 meeting (to be
followed on October 8 by the "regular" Tax Committee meeting), the discussion topics were
identified as preferential dividends and IRS audits. Recent developments suggest that it also
would be beneficial to discuss in detail proposals (legislative and/or regulatory) to modify the
section 4982 excise tax rules.
Consequently, the October 7 meeting will be devoted primarily to the proposal
discussed on September 16 at the Current Tax Developments panel of the Institutes Tax and
Accounting Conference. Any remaining time will be devoted to preferential dividends and IRS
audits, both of which also will be discussed at the "regular" Tax Committee meeting the
following day.
Copies of materials for the October 7 meeting are being mailed today to everyone who
has RSVPd for the October 7 meeting. If you have not yet RSVPd for the meeting and would
like to attend, please call Ana Alvarez at (202) 326-5836 and a copy of the meeting materials will
be sent to you.
October 7 Dinner
A dinner on October 7 for interested meeting attendees has been scheduled for 6:00 p.m.
at Oodles Noodles, 1010 20th Street, N.W. The cost of the dinner will be divided evenly
between those attending. Anyone planning to attend the dinner should call Ana Alvarez at
(202) 326-5836.
* * *
We will keep you informed of developments.
Keith D. Lawson
Associate Counsel - Tax