Commodity "tax Straddles"U.S. Government Printing Office, 1981 - 385 pages |
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abuses amended balanced position board of trade BRODHEAD capital asset capital loss carryback cash and carry Chairman ROSTENKOWSKI chart Code Commission Committee commodities markets Commodity Exchange commodity straddles commodity traders Congress contract market contract months costs deduction defer economic eliminate Federal forward contracts futures contracts futures markets futures trading futures transactions gain or loss gains and losses Ginnie Maes grain hedgers hedging holding period interest rates Internal Revenue Service investment investors involved legislation liquidity long position long-term capital gain mark to market market liquidity non-RFC offsetting positions ordinary income ordinary loss percent personal property problem produce proposed purchase result RFCs risk sale or exchange securities dealers sell short position short sale short-term capital soybeans speculators spread trading spreaders straddle transactions T-bill tax avoidance tax laws tax shelter tax treatment taxable taxpayer term capital gain tion unrealized wash sale wheat
Popular passages
Page 254 - ... may cooperate with any department or agency of the Government, any State, Territory, District, or possession, or department, agency, or political subdivision thereof...
Page 348 - Gains from futures transactions in any commodity on or subject to the rules of a board of trade or commodity exchange.
Page 348 - ... exchange upon which the entire amount of gain or loss was recognized by law), or has entered into a contract or option so...
Page 254 - Any person who shall violate the provisions of section 4, section 4a, section 4b, section 4c, section 4d, section 4e, section 4h, or section 4i of this Act, or who shall manipulate or attempt to manipulate the price of any commodity in interstate commerce, or for future delivery on or subject to the rules of any board of trade, or who shall corner or attempt to corner any such commodity...
Page 254 - Columbia and elsewhere, and there are hereby authorized to be appropriated, out of any moneys in the Treasury not otherwise appropriated, such sums as may be necessary for such purposes.
Page 249 - Such record shall be required to be kept for a period of three years from the date thereof, or for a longer period if the Secretary of Agriculture shall so direct, and shall at all times be open to the inspection of any representative of the United States Department of Agriculture or United States Department of Justice.
Page 249 - ... is or may be used for (a) hedging any transaction in interstate commerce in such commodity or the products or byproducts thereof, or (b) determining the price basis of any transaction in interstate commerce in such commodity, or (c) delivering any such commodity sold, shipped, or received in interstate commerce for the fulfillment thereof...
Page 253 - Agriculture, upon his own initiative or in cooperation with existing governmental agencies, shall investigate marketing conditions of grain and grain products and by-products, including supply and demand for these commodities, cost to the consumer, and handling and transportation charges. He shall likewise compile and furnish to producers, consumers, and distributors, by means of regular or special reports, or by such methods as he may deem most effective, information respecting the...
Page 69 - January 1, 1955, subject to taxation only on interest, dividends, and rents) to segregate the original discount accrued and the gain or loss realized upon the sale or other disposition of any such obligation. See section 454 (b) with respect to the original discount accrued.
Page 253 - Provided, That nothing in this section shall be construed to prohibit the Secretary of Agriculture from making or issuing such reports as he may deem necessary, relative to the conduct of any board of trade, or of the transactions of any person found guilty of violating the provisions of this Act under the proceedings prescribed in section 6 of this Act: Provided further, That the Secretary of Agriculture in any report may include the facts as to any actual transaction.