Method of Accounting for Gains and Losses on Shares in Money Market Funds; Broker Returns With Respect to Sales of Shares in Money Market Funds; Correction
other · IRS · Rule · Published 2016-09-23 · Effective 2016-09-23 · 81 FR 65541
Document
Document number
2016-22950
Federal Register citation
81 FR 65541
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations; correction.
Category
other
Sub-agency
IRS
Publication date
2016-09-23
Effective date
2016-09-23
Treasury docket
TD 9774
Abstract
This document contains a correction to final regulations (TD 9774) that were published in the Federal Register on July 8, 2016 (81 FR 44508). The final regulations provide a simplified method of accounting for gains and losses on shares in money market funds (MMFs). The final regulations also provide guidance regarding information reporting requirements for shares in MMFs.