IRS Issues Notice on Alternative Method for Carrying Broker-Dealers to Comply With Certain Nonbank Trustee Rules
June 16, 2026
June 16, 2026
WASHINGTON, June 16 -- The Internal Revenue Service issued the following notice (No. 2026-32) on June 15, 2026, entitled "Alternative Method for Carrying Broker-Dealers to Comply with Certain Nonbank Trustee Rules".
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I. PURPOSE
This notice provides that, pursuant to Sec. 1.408-2(e)(6)(ii) of the Income Tax Regulations, a broker-dealer that carries customer accounts and receives or holds funds or securities for those customers (a carrying brok . . .
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I. PURPOSE
This notice provides that, pursuant to Sec. 1.408-2(e)(6)(ii) of the Income Tax Regulations, a broker-dealer that carries customer accounts and receives or holds funds or securities for those customers (a carrying brok . . .