Clear Reflection of Income in the Case of Hedging Transactions

On October 20, 1993, the Service published in the Federal Register (58 FR 54077) a notice of proposed rulemaking (FI-54-93) relating to the accounting for business hedging transactions. This notice also contained proposed amendments to regulations under sections 446 and 461 of the Code. TD 8554 contains the final regulations relating to accounting for business hedging transactions. These previously approved final regulations provide guidance to taxpayers regarding when gain or loss from common business hedging transactions is recognized for tax purposes.

The latest form for Clear Reflection of Income in the Case of Hedging Transactions expires 2022-04-30 and can be found here.