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UNITED STATES © Memorandum i (| Ge € “e : : : Mr. Belmork q / vate: 9/27/61 i . - . = watt vat t oo “ rd TRAVEL OF THE ATIORNEY GENERAL bert fF. “ke wired Ed Guthman of the Attorney General's office called and stated it was most important the Attorney General receive the following message immediately upon his arrival in Denver: "Last May the Denver Post submitted an employee's profit __ sharing plan to the Internal Revenue Service for approval. E isa sto option participation plan which has raised some new highly technical © questions as to whether the plan is legal under the revenue tax laws. -- "Representatives of the newspaper have had two private f\ conferences with Internal Revenue Service officials in Washington and Cr Internal Revenue is shooting to have a decision by October 15. This .- apparenfly is important to the Denver Post because of some negotiations which are under way with the employees. However, there is some doubt as to whether IRS is going to meet this deadline, but they say they are making ‘every effort’ to do so. I'TRS officials say that the difficulty is that the Denver plan involves some new questions which have never been raised before and which are highly technical. They described it as attempting to get a size ten foot into a size eight shoe. "You can tell Mr. Hoyt that IRS has assured you they are sympathetic and will be happy to meet with him or any of the paper's representatives again. He should contact Henry Schneider, Acting Director of Public Information, Internal Revenue Service. Sterling $-8400, ext. 4021. Mr. Schneider said he is prepared to cooperate 13 fully in whatever they can do to assist Mr. Hoyt.” REC 28 7 fe 13E7 wi UF 1961 ACTION BEING TAKEN: Cros SEP 281 fen, a SAC Werner at Denver is being furnished ft# message for the Attorney General and will insure that he receives it on his arrival, E is a | hn Attanne ar fa acstoe« a, ‘nOted the Attorney General is due to arrive at Denver at 10: 55 a.m. Denver ,©>” time which is 1:55 p.m. Washington time. Een ¢ (25) \ (Cy Hi YY s @ 0. - er > ~ ie