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 Title
Journal of Accountancy
Journal ISSN
0021-8448
Volume
205
Issue
6
First Page
90