Field Directive Addressing Mark to Market Valuation
Published on:
June 21, 2011
SIFMA provides comments to the Internal Revenue Service (IRS) on the Industry Director Directive (IDD) related to Internal Revenue Code Section 475 addressing mark-to-market valuation. SIFMA understands that the IRS is planning on issuing additional guidance in the form of frequently asked questions (FAQs) regarding the IDD in the future. SIFMA recommends several questions and responses for the FAQs.