TITLE

SECTION 23. MARK-TO-MARKET ACCOUNTING METHOD FOR DEALERS IN SECURITIES (§ 475)

PUB. DATE
September 2008
SOURCE
Internal Revenue Bulletin;9/8/2008, Vol. 2008 Issue 36, p671
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the changes in methods of accounting for securities dealers to which revenue procedure (Rev. Proc.) 2008-52 applies in the U.S. It relates that the change applies to taxpayers that have elected to use the mark-to-market method of accounting under section 475(e) or (f). It also applies to a taxpayer that is identified as a commodities dealer and securities trader that has made a valid election under the section.
ACCESSION #
34390660

 

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