Management Company Tax Subcommittee Content

The Investment Company Institute and Nareit submitted the attached letter to the Internal Revenue Service (IRS) requesting a delay to the mandatory use of the new boxes (2e and 2f) on IRS Form 1099-DIV to report section 897 gain attributable to US real property interests (USRPIs).

The Treasury Department and the Internal Revenue Service ("IRS") have released the 2021-2022 Priority Guidance Plan, listing their priorities for tax regulations and other administrative guidance through June 30, 2022. The plan includes a few projects that were requested by the...

Eight fund industry associations today sent to the Organisation for Economic Co-operation and Development (OECD) the attached coalition letter that we crafted; the letter makes specific recommendations for applying to funds the OECD's proposed "Pillar Two" minimum tax. The specific...

The next monthly Tax Committee call will be held on Thursday, September 9, 2021, at 11:00 a.m. ET. The preliminary agenda for the call is attached.

On July 22, 2021, the Chairman of the Senate Finance Committee, Ron Wyden (D-OR), along with six other Senate Democrats, reintroduced the "Encouraging Americans to Save Act" or EASA. Among other provisions, the bill would reform the Saver's Credit by making it a refundable tax credit...

The primary, secondary, and NRA layouts (all in excel spreadsheet form) for use by regulated investment companies ("RICs") in reporting 2021 year-end tax information to brokers and banks are available on the Institute's website.

The next monthly Tax Committee call will be held on Wednesday, July 14, 2021, at 11:00 a.m. ET. The preliminary agenda for the call is attached.

On June 11, 2021, the Treasury Department and Internal Revenue Service (IRS) published a final regulation relating to the new mandatory 60-day postponement of certain time-sensitive tax-related deadlines by reason of a federally declared disaster, which was added by the Taxpayer...

The Department of Labor (DOL) and the Treasury Department and Internal Revenue Service (IRS) recently issued their updated Spring 2021 Semi-Annual Regulatory Agendas (Agendas), which include projected dates for issuance of proposed and final regulations. As described in more detail...

Registration for the July 14 and September 9 monthly Tax Committee calls is now open. Both calls will be held at 11:00 a.m. ET. We will not hold a call in August.