Tax Committee Content

1 See Institute Memorandum to Tax Committee No. 15-97, dated April 23, 1997. 2 In Technical Advice Memorandum No. 9345003, dated July 15, 1993, the IRS concluded that the fund’s distributor may deduct currently commission payments to brokers and need not include in income at the time...

May 7, 1997 TO: TAX COMMITTEE No. 16-97 PENSION COMMITTEE No. 10-97 RE: NOTICE OF MEETINGS - WEDNESDAY, JUNE 18, 1997 ______________________________________________________________________________ The Tax and Pension Committee meetings have been scheduled for Wednesday, June 18, 1997...

1 See Institute Memoranda to Tax Committee No. 3-97, dated January 20, 1997, and No. 13-97, dated April 11, 1997. April 23, 1997 TO: TAX COMMITTEE No. 15-97 RE: INSTITUTE SUBMISSION ON COMPENSATING BALANCE ARRANGEMENTS __________________________________________________________________...

April 15, 1997 TO: TAX COMMITTEE No. 14-97 RE: MAY 21 MEETING ON ISSUER DIVERSIFICATION PROPOSALS ______________________________________________________________________________ At its most recent meeting, the Tax Committee briefly considered whether the Institute should request...

1 See Institute Memorandum to Tax Committee No. 3-97, dated January 20, 1997. 2 Among the 15 IRS representatives at the meeting were (a) several attorneys with the IRS Financial Institutions and Products group, (b) Grete Carro, the IRS industry specialist for securities and financial...

1 See Institute Memorandum to Tax Members No. 7-97 (and others), dated February 12, 1997. April 1, 1997 TO: TAX COMMITTEE No. 12-97 RE: INSTITUTE LETTER AND STATEMENT ON TAX LEGISLATIVE MATTERS ________________________________________________________________________________________ As...

1 See Institute Memorandum to Tax Committee No. 7-97, dated February 27, 1997. March 17, 1997 TO: ACCOUNTING/TREASURERS COMMITTEE No. 9-97 TAX COMMITTEE No. 11-97 RE: INSTITUTE COMMENTS ON MASSACHUSETTS CAPITAL GAINS TAX REGULATION _____________________________________________________...

1 See Institute Memorandum to Accounting/Treasurers Committee No. 47-96 and Tax Committee No. 36-96, dated November 26, 1996. 2 See Institute Memorandum to Tax Committee No. 6-97, dated February 20, 1997. March 14, 1997 TO: ACCOUNTING/TREASURERS COMMITTEE No. 8-97 TAX COMMITTEE No. 10...

March 7, 1997 TO: TAX COMMITTEE No. 8-97 ACCOUNTING/TREASURERS COMMITTEE No. 7-97 UNIT INVESTMENT TRUST COMMITTEE No. 13-97 TRANSFER AGENT ADVISORY COMMITTEE No. 11-97 RE: IRS AND TREASURY RELEASE 1997 BUSINESS PLAN _____________________________________________________________________...

1 For 1996 federal income tax returns, the direct deposit option appears on page two of the Form 1040 individual income tax return. Lines 60b through 60d of the Form 1040 require the taxpayer to identify the account into which the deposit should be made by providing a "routing number...