FAS 133 and tax - an unhappy marriage awaiting a counsellor

Journal
Rosenthal, S.M.; Price, M.H.
Finance and Capital Markets (formerly Derivatives & Financial Instruments) 1999 (Volume 1), No. 4
PriceUSD 45

This article introduces the new financial accounting standard, discussing its scope and its effect. The article also presents the tax rules applicable to derivatives and hedges. It then compares the treatment of derivatives under FAS 133 and for tax purposes.