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Excerpt from Background on Commodity Tax Straddles and Explanation of S. 626 Interest in the use of commodity futures transactions for tax motivated purposes has grown rapidly in recent years. The Internal Revenue Service has disallowed certain deductions relating to such transactions and taxpayers have challenged the irs position. The lead cases 1 involving tax straddles in commodity futures, the most publicized of these transactions, are being litigated currently in the United States Tax Court. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.