Tax Committee Content

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...

The next monthly Tax Committee call will be held on Tuesday, May 17, 2022, at 11:00 a.m. ET. The preliminary agenda for the call is attached.

The next monthly Tax Committee call will be held on Tuesday, April 26, 2022, at 11:00 a.m. ET. The preliminary agenda for the call is attached.

Attached for your review is a draft 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...

Effective April 4, 2022, IRS Form 8802 applicants, who receive a request from the IRS for a signed copy of their most return tax return, will only need to submit a signed copy of the current year base income tax return (i.e., the tax return without accompanying forms, schedules, or...

On March 29, 2022, the US House of Representatives approved, by a vote of 414 to 5, H.R. 2954, the "Securing a Strong Retirement Act of 2022" (or SECURE 2.0). The bill was introduced by House Ways and Means Committee Chairman Richard Neal (D-MA) and ranking member Kevin Brady (R-TX).

ICI recently surveyed Tax Committee members on their firms' equalization approach, policies, and calculation methods. Please find attached the anonymized and aggregated results which will inform the Tax Committee call on equalization and other topics on April 5, 2022 at 11 a.m. ET.