Department

School of Accountancy

Document Type

Article

Publication Date

6-2008

Abstract

In a recently released Coordinated Issue Paper (LMSB-04-1207-077), the IRS underscored how its examinations will home in on a once-favored strategy for monetizing stock gains while deferring capital gains taxes. In doing so, the Service reiterated its legal basis for why a variable prepaid forward contract (VPFC) that includes a share lending agreement (SLA) results in a currently taxable sale.

Journal

Journal of Accountancy

Journal ISSN

0021-8448

Volume

205

Issue

6

First Page

90

Included in

Accounting Commons

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