Rev. Proc. 2017-45—recently released by the IRS—provides guidance for certain stock distributions of a publicly offered regulated investment company (RIC).
This report describes the requirements of Rev. Proc. 2017-45 [PDF 93 KB], highlighting the benefits the guidance provides to publicly offered RICs that find it impossible or impracticable to make cash distributions.
Read a September 2017 report [PDF 102 KB] prepared by KPMG LLP: What’s News in Tax: Revenue Procedure 2017-45 Provides Open-Ended Guidance for Certain Stock Distributions of RIC
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