What Is IRS Section 987 and How Does It Impact the Taxation of Foreign Currency Gains and Losses?
A Comprehensive Guide to Taxes of Foreign Money Gains and Losses Under Section 987 for FinanciersRecognizing the taxation of foreign currency gains and losses under Area 987 is crucial for U.S. financiers participated in global deals. This section lays out the intricacies associated with establishing the tax implications of these gains and losses,