Law Plainly Precludes Tax On $3M Forex Loss, 6th Circ. Says

By Jack Newsham ( January 7, 2016, 9:30 PM EST) -- The Sixth Circuit on Thursday released an investor couple from taxes the IRS sought related to $3 million in claimed losses from a complex foreign-exchange derivative arrangement, saying the plain language of federal tax law prevented the government from collecting on what it saw as a tax dodge....

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