WHAT IS IRS SECTION 987 AND HOW DOES IT IMPACT THE TAXATION OF FOREIGN CURRENCY GAINS AND LOSSES?

Understanding the Implications of Taxation of Foreign Currency Gains and Losses Under Section 987 for CompaniesThe tax of foreign currency gains and losses under Section 987 presents a complex landscape for companies involved in global procedures. Comprehending the subtleties of functional currency identification and the ramifications of tax therap