Complimentary for Members

December 18, 2025

Live Webcast

NASBA 1

Interplay Between Sections 475, 1256, and 988 Tech Session Webinar

Explore the interplay between sections 475, 1256, 988(a)(1)(B) election in a 475(f) Fund, and election under Section 475(f)(1) and Section 475(f)(2).

December 18, 2025
Live Webcast
NASBA 1
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    Instructor

    Sam
    Chen

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    Mr. Sam Chen

    Bio
    Sam Chen, Senior Manager in the Financial Institutions and Products group of KPMG LLP's Washington National Tax practice. His practice focuses on the taxation of financial products, debt, and leasing transactions. He has extensive experience with advising clients in the banking and capital markets space and in asset management with respect to their lending, investing, and market-making activities, and routinely advises multi-national corporations in a wide range of industries with respect to their debt issuances and re-financings, hedging strategies, and leasing transactions. He previously was an associate at Ropes & Gray, LLP.
Explore the interplay between sections 475, 1256, 988(a)(1)(B) election in a 475(f) Fund, and election under Section 475(f)(1) and Section 475(f)(2).

Learning Objectives

  • Upon completion of this course, you'll be able to:
  • Analyze the distinct tax treatments and mark-to-market rules under Sections 475, 1256, and 988.
  • Evaluate the implications and requirements of electing the Section 988(a)(1)(B) exception within a 475(f) fund structure.
  • Differentiate between the elections under Section 475(f)(1) and Section 475(f)(2).

Major Topics

  • Tax treatments and mark-to-market rules under Sections 475, 1256, and 988.
  • Implications and requirements of electing the Section 988(a)(1)(B) exception within a 475(f) fund structure.
  • Differences between the elections under Section 475(f)(1) and Section 475(f)(2).

CPE Credits Available

NASBA 1
1
Taxation (NYSED) (Taxation) - NASBA

Things to Know About This Course

Course Level

  • Intermediate

Prerequisites

None

Advanced Preparation

None

Intended Audience

CPAs, Attorneys and Tax Practitioners in the Alternative Investment Fund space

Provider

Foundation for Accounting Education

This event has ended.