Income Tax Technical News No. 14, 9 December 1998

As a result of the review, it is now our position that if a debt obligation is renegotiated otherwise than as provided for in its original terms,...

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RC will accept (at the choice of the mutual fund) either the realization method or the mark-to-market method for recognizing income on futures,...

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[T]he mere recording of the payable by way of journal entry, regardless that such amounts are payable on demand and the debtor has the capacity to...

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