ICI has requested guidance, in the attached letter, from the Treasury Department and Internal Revenue Service (IRS) on two liquidity fee-related tax issues for money market funds (MMFs).
The November ICI Tax Committee Meeting will be on Thursday and Friday, November 2 and 3 at ICI's office located at 1401 H Street, NW, Washington, DC. Further information and registration links are provided below.
The attached draft letter to US Treasury and IRS officials requests guidance on two liquidity fee-related tax issues for money market funds that arise from the new SEC rule. The ICI discussed these issues, and one involving the reversed distribution method (RDM), recently with the...
The primary, secondary, and NRA layouts (all in excel spreadsheet form) for use by regulated investment companies ("RICs") in reporting 2023 year-end tax information to brokers and banks are available on the Institute's website at: https://www.ici.org/year-end-tax-reporting.
On August 7, 2023, the Investment Company Institute and Independent Directors Council filed a joint comment letter in response to the Public Company Accounting Oversight Board's (PCAOB) proposed amendments to the auditing standards related to a company's noncompliance with laws and...
