INVESCO Funds Group of Denver has added a special form to its website which fund investors can use to authorize INVESCO to accept their 2000 tax refunds directly from the IRS and invest them in designated mutual funds. This is the first time INVESCO has offered this program to its shareholders, the company has announced.
INVESCO shareholders must return the website form by mail to INVESCO. The form gives investors instructions as to where on their Federal tax returns to notify the IRS
of their desire to invest their refunds. Shareholders may invest the entire refund in one fund, or divide the refunds among several INVESCO funds.
AIM Management of Houston, like INVESCO a subsidiary of AMVESCAP of London, recently posted a similar notice on its website, alerting investors that their tax refunds may also be sent directly to AIM.