TAX CLIENT ALERT: IRS Proposes Regulations Addressing Notional Principal Contracts and Section 1256 Contracts

    View Authors 3 October 2011
    The Internal Revenue Service (the “IRS”) recently issued proposed regulations that address which swaps and similar agreements fall within the meaning of section 1256 of the Internal Revenue Code of 1986, as amended (the “Code”) and the definition of a “notional principal contract”.