Recent final regulations offer guidance as to what Treasury and the IRS may consider an eligible method for partnerships and Sec. 987 QBUs held by partnerships to determine Sec. 987 gain or loss.

Shadow foreign secretary Dame Priti Patel says the UK should be 'leveraging everything' with Israel to support humanitarian ...

The Oklahoma Sooners went through a disappointing debut season in the Southeastern Conference in 2024. A 6-7 record overall ...

He may be the best Oregon quarterback in the history of the program as The Athletic has Marcus Mariota a Top 25 player in the ...

Trae Taylor announces a new deal with a collective in hopes of being able to focus on just football and school alongside his personal life.

Attracting the best quarterback talent in the nation is a strong component of USC's history. Class of 2026 commit Jonas ...

HIBBING, Minn. - Philip M. "Phil" Scalise, 76, Hibbing, Minn. died Tuesday, May. 6, in Hibbing, MN. A Gathering of Family and friends will be from 11:00 am until 12: ...

NEW YORK (AP) — A jury of 12 New Yorkers, plus a half-dozen alternates, is hearing testimony at the federal sex trafficking trial of Sean "Diddy" Combs. The group tilts male and middle-aged or ...

For taxpayers that have a qualified business unit (QBU) with a functional currency other than the dollar, Sec. 987 provides rules on how to adjust for changes in exchange rates. On Dec. 10, 2024, ...