Tax Committee Content

The ICI Spreadsheets and instructions for use in reporting 2024 tax information are available on the ICI website, at: https://www.ici.org/year-end-tax-reporting. ICI members populate tax information in these spreadsheets on behalf of the regulated investment companies that they manage...

The Internal Revenue Service and US Treasury Department issued final procedural regulations on the stock buyback excise tax on June 28th. The final regulations generally require a covered corporation to file an excise tax return (on Form 7208) reporting share repurchases and issuances...

ICI has drafted the 2024 ICI Spreadsheets for year-end tax reporting, including the Primary Layout (used to populate IRS Form 1099-DIV), the Secondary Layout (used for state tax reporting and other relevant tax-related items), and the NRA Layout (used to populate IRS Form 1042-S)...

Notice 2024-28 invited public comment on recommendations for Treasury's 2024-2025 Priority Guidance Plan. ICI submitted the attached letter largely based on prior recommendations except for an addition regarding the SEC's final Money Market Fund Rule and the requirement for regulated...

Notice 2024-28 invites public comment on recommendations for Treasury's 2024-2025 Priority Guidance Plan.

ICI is surveying members investing in India regarding their experience either undergoing or considering a reorganization and the India tax implications for their funds.