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The Internal Revenue Service taxes foreign currencies at their value in dollars, which can create recordkeeping and exchange challenges. You may have to pay taxes on gains if you make a profit on ...
Problems can arise when currencies change ... the functional currency and the currency for the transaction as foreign exchange gain or loss. You must also adjust the value of the contract again ...
This is certainly an amazing place, where the Prime Minister is trying desperately hard to address the major problems in the ...