Taxes Content

The Institute's 2023 surveys on state tax matters are now available on the Institute's website.

The Multilateral Convention (MLC) for "Amount A" of "Pillar One"—announced recently by the Organisation for Economic Co-operation and Development (OECD)— includes the ICI's recommendations for ensuring that asset managers qualify for the regulated financial services exception. Pillar...

The Internal Revenue Service (IRS) has released annual cost of living and other adjustments applicable to dollar limitations for pension and retirement plans. The news release is available here and Notice 2023-75, which also contains the updated limits, is available here. Notably, the...

The Internal Revenue Service (IRS) has announced that it will accept electronic and digital, rather than just handwritten, signatures on certain tax forms indefinitely.

On October 24, 2023, ICI submitted the attached comment letter (Comment) to IRS and Treasury in response to IRS Notice 2023-62. Notice 2023-62, issued August 25, 2023, effectively provides for a 2-year delay (until taxable years beginning after December 31, 2025) of the applicability...

The IRS and Treasury Department have released their 2023-2024 Priority Guidance Plan listing their priorities for tax regulations and other administrative guidance through June 2024.

The Treasury Department and the Internal Revenue Service ("IRS") have released the 2023-2024 Priority Guidance Plan, listing their priorities for tax regulations and other administrative guidance through June 2024.

The Internal Revenue Service (IRS) today issued guidance requested by the ICI that will exempt from the wash sale rule any loss incurred by a shareholder in a money market fund with a stable net asset value (NAV). We requested this guidance because liquidity fees imposed by such funds...

The ICI crafted and submitted the attached letter in coordination with the Investment Association to the European Commission re the recently proposed Council Directive (known as "FASTER") for improving tax treaty relief on cross-border investments. The proposed FASTER directive...