Illinois DOR Proposes Reg on Using Hedging Transactions in Apportionment

Overview


Fred Ackerson said that new Illinois Department of Revenue regulations on hedging transactions are helpful but could have been clearer and included more examples of transactions that are included or excluded. Mr. Ackerson added that he is “not sure there is a good reason” why the rule added extra compliance effort by making taxpayers use federal law requirements for identifying hedging transactions.