KPMG report: Recent developments in taxation of financial products
A KPMG report that discusses recent developments pertinent to taxation of financial products
A KPMG report that discusses developments pertinent to taxation of financial products
KPMG LLP professionals prepared a December 2022 report* [PDF 131 KB] that discusses the following recent developments pertinent to the taxation of financial products: the newly enacted stock buyback transactions 1% excise tax under section 4501, Internal Revenue Service Legal Memorandum 202224010 in which the Office of Chief Counsel concluded that section 1234A applies to merger termination fees, and the Tax Court’s decision in Deitch v. Commissioner that considered the tax characterization of a loan with certain equity-like features.
*This article appears in the Journal of Taxation of Financial Products (Volume 19 Issue 3) and is provided with permission.
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