Regulated Investment Companies
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
asset management company
|
| gptkbp:alsoKnownAs |
gptkb:RIC
|
| gptkbp:benefit |
Avoids double taxation on distributed income
|
| gptkbp:definedIn |
Internal Revenue Code Section 851
|
| https://www.w3.org/2000/01/rdf-schema#label |
Regulated Investment Companies
|
| gptkbp:includes |
Mutual Funds
Closed-End Funds Exchange-Traded Funds |
| gptkbp:location |
gptkb:United_States
|
| gptkbp:mustDistribute |
At least 90% of investment income to shareholders
|
| gptkbp:mustMeet |
Distribution requirements
Diversification requirements Income source requirements |
| gptkbp:purpose |
Pooling investors' funds
|
| gptkbp:regulates |
gptkb:Internal_Revenue_Service
gptkb:U.S._Securities_and_Exchange_Commission |
| gptkbp:relatedTo |
gptkb:Investment_Company_Act_of_1940
|
| gptkbp:subject |
gptkb:Subchapter_M_of_the_Internal_Revenue_Code
Excise tax on undistributed income Form 1120-RIC filing |
| gptkbp:taxStatus |
Pass-through entity
|
| gptkbp:bfsParent |
gptkb:1120-RIC
|
| gptkbp:bfsLayer |
7
|