Dilemma for IRS: How big can a hedge be?
To qualify as a hedging transaction, must a hedge be proportionate in size to the volume of the…
To qualify as a hedging transaction, must a hedge be proportionate in size to the volume of the commodity hedged?
That question is on the table at the Internal Revenue Service, according to Michael S. Novey, a lawyer/adviser in the Department of the Treasury's office of legislative counsel.
In rec
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