Sunday, February 17, 2008

Forex Tax - A New Approach

Uncertainty in the tax code makes tax filings for forex traders much too confusing. IRS Notice 2007-71 (established Aug. 27, 2007) reverses IRS Notice 2003-81. IRS Notice 2007-71 narrowly (yet definitively) addresses the tax treatment for "over-the-counter currency options," stating th[...]

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[Source: The Money Blogs]

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