SIA Submits Comments to the US Department of Treasury and the IRS on Temporary Regulations under Section 6112 of the Internal Revenue Code
Published on:
June 14, 2001
The Securities Industry Association (SIA)* provides comments the U.S. Department of Treasury and the Internal Revenue Service (IRS) on temporary regulations under Section 6112 of the Internal Revenue Code relating to the disclosure of certain reportable transactions. SIA encourages refinements to the regulations that would result in them affecting far fewer common business transactions while at the same time ensuring that tax administrators can obtain the information envisioned concerning investors in tax-problematic transactions.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.