SECTION 987 IN THE INTERNAL REVENUE CODE: MANAGING FOREIGN CURRENCY GAINS AND LOSSES FOR TAX EFFICIENCY

Key Insights Into Taxation of Foreign Money Gains and Losses Under Section 987 for International TransactionsRecognizing the complexities of Section 987 is extremely important for U.S. taxpayers participated in international deals, as it dictates the treatment of international currency gains and losses. This area not just needs the acknowledgment o