Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a ...

Explore how forex hedging strategies protect currency positions and manage risk. Learn about methods and examples to ...

Are all foreign currency gains taxable? No. Under a de minimis exemption individual taxpayers with foreign currency gains of $200 or less on a “personal transaction” do not need to report them. How ...

There’s no doubt that traveling abroad can be expensive. Accounting for expenses including airfare, hotel stays, meals and excursions, you’ll need to budget and save for a big trip so you don’t rack ...

Are there special hedging provisions for section 988 transactions? Yes. In addition to the business hedging rules I address in our earlier Q&A with Andie series,[1] a special hedging provision is ...