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U.S. IRS Provides Additional Delay for Final and Temporary Regs on Foreign Currency Gains/Losses

|Approved Changes|United States
United States

The U.S. IRS has issued Notice 2018-57, which announces an additional one-year delay in the applicability date for final regulations (TD 9794) and temporary regulations (TD 9795), which were published 8 December 2016 and generally effective from 7 December 2016 with a one-year transitional period. The final regulations concern determination of the taxable income or loss of a taxpayer with resp…

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