Tax Committee Content

ACTION REQUESTED February 27, 1997 VIA FAX TO: TAX COMMITTEE No. 7-97 RE: MASSACHUSETTS TAXATION OF CAPITAL GAINS ______________________________________________________________________________ At the last Tax Committee meeting, we briefly discussed that Massachusetts has enacted rules...

1 See Institute Memorandum to Accounting/Treasurers Members No. 25-96 and Tax Members No. 43-96, dated September 10, 1996. 2 See Institute Memorandum to Accounting/Treasurers Committee No. 47-96 and Tax Committee No. 36-96, dated November 26, 1996. ACTION REQUESTED February 20, 1997...

VIA FAX February 12, 1997 TO: TAX COMMITTEE No. 5-97 PENSION COMMITTEE No. 6-97 RE: PRELIMINARY AGENDAS - PENSION AND TAX COMMITTEE MEETINGS ______________________________________________________________________________ Preliminary agendas for the Tax and Pension Committee meetings on...

1 See Institute Memoranda to Tax Committee No. 1-97, dated January 7, 1997 and Tax Committee No. 37-96, dated December 24, 1996. January 27, 1997 VIA FAX TO: TAX COMMITTEE No. 4-97 RE: FEBRUARY 18 MEETING ON EXCISE TAX PROPOSAL AND COMMITTEE DINNER ____________________________________...

1 In support of its position, the IRS has cited the following authorities: Revenue Ruling 79-247, 1979-2 C.B. 24 ("credits" earned on money deposited with a stockbroker, which can be used only to offset commissions payable to the broker, are income to the investor); Murphy v...

1 See Institute Memorandum to Tax Committee No. 37-96, dated December 24, 1996. 2 The attached materials describe the proposal in more detail. January 7, 1997 TO: TAX COMMITTEE No. 1-97 RE: MATERIALS FOR JANUARY 15 MEETING ON EXCISE TAX PROPOSAL _______________________________________...

VIA FAX December 24, 1996 TO: TAX COMMITTEE No. 37-96 RE: JANUARY 15 MEETING ON EXCISE TAX PROPOSAL ______________________________________________________________________________ A meeting will be held on January 15, 1997, at 1:30 p.m., in the Institute’s David Silver Conference Room...

1 See Institute Memoranda to Tax Committee No. 35-96, dated November 14, 1996, and to Accounting/Treasurers Members No. 25-96 and Tax Members No. 43-96, dated September 10, 1996. 2 See Institute Memorandum to Accounting/Treasurers Committee No. 30-96 and Tax Committee No. 27-96, dated...

1 See Institute Memorandum to Accounting/Treasurers Committee No. 30-96 and Tax Committee No. 27-96, dated July 25, 1996. ACTION REQUESTED November 14, 1996 VIA FAX TO: TAX COMMITTEE No. 35-96 RE: DRAFT SUBMISSION TO IRS ON MULTIPLE-CLASS FUNDS ________________________________________...