26 September 1989 Income Tax Severed Letter AC3237 - Damages, Settlements and Similar Payments - Revision of IT-467

By services, 22 July, 2022
Official title
Damages, Settlements and Similar Payments - Revision of IT-467
Language
English
Document number
Citation name
AC3237
Severed letter type
Miscellaneous
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
656324
Extra import data
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Main text

September 26, 1989

Mr. Roy C. Shultis                 Current Amendments and
Director                             Regulations Division
Publications Division              Wm.R. McColm
                                   957-2068
IT Bulletin Project # 1713         F-3237
Damages, Settlements and
Similar Payments
Revision of  IT-467

We have reviewed the above draft project and have no comment with respect to policy matters, current or pending, that are relevant to positions taken in the draft.

We question, however, whether it might not be wise to hold up issuing this bulletin because of the comments in paragraph 5 concerning payments for illegal acts until the legislative solution for bribes and kickbacks is announced.

                                   B.J. Bryson
                                   Acting Director
                                   Current Amendments and
                                   Regulations Division

WmRMcC/jab