JD Supra

Proposed regulations issued under section 1256 with respect to foreign currency options

Section 1256 generally requires that certain contracts, including “foreign currency contracts,” be marked-to-market annually. The Internal Revenue Service (IRS) has long maintained that foreign ...
Think Advisor

7604 / How is a tax straddle taxed if made up solely of Section 1256 contracts?

If a tax straddle is made up solely of regulated futures contracts, foreign currency contracts, and nonequity option contracts (i.e., “IRC Section 1256 contracts”), each contract is generally taxed ...
Barron's

For Retirees Seeking to Limit Taxes, Section 1256 Contracts Could Be Worth a Look

Investors of all sizes have long sought out tax-advantaged products such as stocks paying qualified dividends and tax-free municipal bonds. One tax-friendly vehicle that doesn’t get much attention is ...
Forbes

What You Trade Can Make A World Of Tax Difference

There’s a bevy of financial products to trade with a wide assortment of tax treatment. Traders have access to U.S. and international equities, futures and other Section 1256 contracts, options, ETFs, ...
JD Supra

Financial Reform Legislation Amends Section 1256 of the Internal Revenue Code to Provide Greater Certainty with Respect to the Tax Treatment of Swaps, Caps, Floors, and Similar ...

Among other things, the financial reform legislation signed by the President today mandates the formation of exchanges for certain types of derivative instruments. In response to the proposed ...