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TATES Memorandur TO Mr. Belr 0/27/6 Teve FROM: DIECT TRAVEL OF THE ATTORNEY GENERAL Fetert F. *YeNieo 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. It is a stock option participation plan which has raised some new highly technical questions as to whether the plan is legal under the revenue tax Iaws.: "Representatives of the newspaper have had two private. conferences with Internal Revenue Service officials in Washington and Internal Revenue is shooting to have a decision by October 15. This ... apparently 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'IRs officials say that the difficulty is that the Denver plan. involves some new questions which bave 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 3-8400, ext. 4021. Mr. Schneider said he is prepared to cooperate ACTION BEING TAKEN: B SEP 28 1961 : Attorney General and will insure that he receives it on his arrival. It is. 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. 63 0CT 4 CAE:mar 4) /s0