Tax Committee Content

The next monthly Tax Committee call will be held on Tuesday, October 12, 2021, at 11:00 a.m. ET. The preliminary agenda for the call is attached.

The IRS and Treasury Department have released their 2021-2022 Priority Guidance Plan listing their priorities for tax regulations and other administrative guidance through June 2022.

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...

Attached for your review is an Investment Company Institute (ICI) draft letter requesting that the Internal Revenue Service (IRS) delay 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).

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.