On November 30, 2021, the U.S. Internal Revenue Service issued Revenue Procedure 2021-53, temporarily allowing publicly offered regulated investment companies (RICs), including certain business development companies (BDCs)...more
The U.S. Internal Revenue Service (“IRS”), on August 11, 2017, issued Revenue Procedure 2017-45 (the “New Revenue Procedure”).1 Pursuant to the New Revenue Procedure, the IRS will treat part cash and part stock distributions...more
Final U.S. Treasury regulations under Section 446 of the Internal Revenue Code of 1986, as amended (the “Code’), providing for the use of the net asset value (“NAV”) accounting method for transactions in money market fund...more
7/26/2016
/ Accounting Methods ,
Excise Tax ,
Final Rules ,
Floating NAV ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investment Company Act of 1940 ,
IRS ,
Money Market Funds ,
NAV ,
Securities and Exchange Commission (SEC) ,
U.S. Treasury