This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.


Foreign Currency Straddles and Transactions Present Complex Tax Issues Logo aicpa

  Ray A. Knight, J.D., CPA/PFS, CGMA, and Lee G. ... |   Free |   AICPA |   01 Jun 2016 |   Tax Adviser Magazine

Foreign currency transactions raise complex tax issues that taxpayers must address to withstand an IRS challenge. With a focus on a foreign currency straddle transaction example, this article discusses the scope and application of Code secs. 1092, 1256, and 988.

Topics covered:
  • Tax: Technical: Individual income taxation : Income, Intermediate
  • Tax: Technical: Individual income taxation : Deductions, Intermediate
  • Tax: Technical: International tax, Intermediate