Management Company Tax Subcommittee Content

The Department of Labor (DOL) and the Treasury Department and Internal Revenue Service (IRS) recently issued their updated Spring 2022 Semi-Annual Regulatory Agendas (Agendas), which include projected dates for issuance of proposed and final regulations.

The Institute submitted the attached letter in response to the Internal Revenue Service's request for comments on IRS Form 8613 "Return of Excise Tax on Undistributed Income of Regulated Investment Companies."

Notice 2022-21 invited public comment on recommendations for Treasury's 2022-2023 Priority Guidance Plan. ICI submitted the attached letter largely based on prior recommendations except for an addition regarding the active trade or business requirement under Section 355 of the...

ICI submitted the attached letter requesting that the Treasury Department and Internal Revenue Service include guidance on certain issues concerning retirement security on their 2022-2023 Priority Guidance Plan.

The agendas for the June 6-7, 2022, Virtual Tax Committee meetings are attached. You may register at https://cvent.me/XDEybG. The meetings will begin at 2:00 p.m. ET each day.

The ICI has submitted the attached comments to the OECD regarding a financial services exclusion from the proposed "Pillar One" regime for allocating profits to market jurisdictions. Our submission urges that the financial services exclusion proposed on May 6, 2022 be modified to...

ICI sent the attached comment letter to the IRS and Treasury, responding to the notice of proposed rulemaking that would amend the regulations governing required minimum distributions (RMDs) from retirement plans and IRAs to reflect changes made by the Setting Every Community Up for...

Registration for the June 6-7, 2022 Virtual Tax Committee meetings is now open at https://cvent.me/XDEybG. The meetings will begin at 2:00 p.m. ET each day. Agendas for the meetings will be circulated in the coming weeks.

Notice 2022-23 invites public comment on recommendations for Treasury's 2022-2023 Priority Guidance Plan. The attached draft letter is largely based on prior recommendations except for an addition regarding the active trade or business requirement under Section 355 of the Internal...

ICI has submitted the attached letter to the Treasury Department and the Internal Revenue Service (IRS) requesting clarification that regulated investment companies (RICs) can satisfy the "active trade or business requirement" under section 355(b)(1) with respect to their business of...