Fichtenbaum, Mark
Estate of McKelvey v. Commissioner tax planning opportunity or a trap for the unwary ? / Mark Fichtenbaum and Robert Gordon .-- , 2017
Disponible también en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Resumen. Conclusión.
In a highly unexpected result, the Tax Court in Estate of McKelveyv. Commissioner ruled that the extension in maturity of a profitableprepaid variable forward contract (PPVF) was not a taxable event. If this case could be relied upon, a hedger who is Rolling over a profi table PPVF could avoid realizing gain on the PPVF bysimply extending the maturity of the contract. Although tempting, the authors think this procedure could turn out to be disastrousif the case is overturned. Commenters have speculated that this decision could also delay the crystallization of profi ts on an optionthat one had sold, though this avenue may carry much less bite if the Tax Court is reversed.
IMPUESTOS
PLANIFICACION FISCAL
ESTADOS UNIDOS
JURISPRUDENCIA
SOCIEDADES
Journal of Taxation of Investmentsv. 34, n. 4, Summer 2017, p. 25-30
Estate of McKelvey v. Commissioner tax planning opportunity or a trap for the unwary ? / Mark Fichtenbaum and Robert Gordon .-- , 2017
Disponible también en línea a través de la Biblioteca del Instituto de Estudios Fiscales. Resumen. Conclusión.
In a highly unexpected result, the Tax Court in Estate of McKelveyv. Commissioner ruled that the extension in maturity of a profitableprepaid variable forward contract (PPVF) was not a taxable event. If this case could be relied upon, a hedger who is Rolling over a profi table PPVF could avoid realizing gain on the PPVF bysimply extending the maturity of the contract. Although tempting, the authors think this procedure could turn out to be disastrousif the case is overturned. Commenters have speculated that this decision could also delay the crystallization of profi ts on an optionthat one had sold, though this avenue may carry much less bite if the Tax Court is reversed.
IMPUESTOS
PLANIFICACION FISCAL
ESTADOS UNIDOS
JURISPRUDENCIA
SOCIEDADES
Journal of Taxation of Investmentsv. 34, n. 4, Summer 2017, p. 25-30