Tax Advisory Committee Content

ICI submitted comments to the Treasury Department and Internal Revenue Service on the proposed regulations for the Corporate Alternative Minimum Tax (CAMT, REG-112129-23).

On October 24th, the Supreme Court of the State of Washington issued an opinion that could subject investment funds to the state's Business and Occupation (B&O) tax.[1] The tax implications for funds could be significant.

On April 10th the ICI submitted the attached comment letter to the Washington Office of the Code Reviser, recommending revisions to an example in the proposed regulations for the Washington Capital Gain Excise Tax.

The Tax Advisory Committee will convene on November 2, 2023, from 10:00 a.m.–12:30 p.m. (ET) at ICI's office located at 1401 H Street, NW, Washington, DC. An agenda will be circulated prior to the meeting. Please note that this meeting will be held in person; no virtual option is...

The Institute submitted the attached letter in response to the Internal Revenue Service's request for comments on IRS Form 8613 "Return of Excise Tax on Undistributed Income of Regulated Investment Companies."