Gregory Zeien

Proskauer Rose LLP

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Proposed Regulations Issued on Reporting Obligations for Basket Contract Transactions

On July 12, 2024, the U.S. Department of the Treasury (“Treasury”) and the Internal Revenue Service (“IRS”) issued proposed regulations that would classify “basket contract transactions”, which are derivatives (i) with a term...more

8/22/2024  /  Administrative Procedure Act , Derivatives , Disclosure Requirements , Investigations , IRS , Proposed Regulation , Reporting Requirements , Tax Avoidance , Tax Evasion , U.S. Treasury
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