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Text of IRS Proposed Regs: Method of Accounting for Gains and Losses on Shares in Certain Money Market Funds; Broker Returns with Respect to Sales of Shares in Money Market Funds (PDF)
Internal Revenue Service [IRS] Link to more items from this source
[Official Guidance]
July 24, 2014

"[These proposed regs] provide a simplified method of accounting for gains and losses on shares in money market funds (MMFs) that distribute, redeem, and repurchase their shares at prices that reflect market-based valuation of the MMFs' portfolios and more precise rounding than has been required previously (floating net asset value MMFs, or floating-NAV MMFs) ... [and] provide guidance regarding information reporting requirements for shares in MMFs. The proposed regulations respond to [SEC] rules that change how certain MMF shares are priced. The proposed regulations affect floating-NAV MMFs and their shareholders. This document also contains requests for comments and provides notice of a public hearing on these proposed regulations."

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