This rule drastically limits the ability of a foreign corporation to change its accounting method in one of the window periods
under the automatic or nonautomatic procedures.
This purchase was made during a window period
for trading of Sturgis Bancorp stock consistent with Sturgis Bancorp policies.
For significant industry issues, taxpayers should expect that this type of practice will occur more frequently in order to prevent them from changing under the window periods
At a minimum, the IRS should clarify the effect of a Supreme Court decision occurring during the various window periods
under the revenue procedure.
Sales under these 10b5-1 trading plans will occur in a systematic manner with the goal of minimal market impact by spreading such sales over a more extended period of time than would be available under the company's traditional trading window periods
97-37 if they are within various window periods
or if they obtain the consent of the district director.
Furthermore, the rules provide various window periods
within which voluntary method changes may be secured, following contact for examination but before a compulsory change imposed by the Commissioner.
In all other circumstances, a taxpayer could request a change only during the 30-day, 90-day or 120-day window periods
84-74, taxpayers under examination were precluded from filing a Category A method change unless they were in either the 30-day or 120-day window periods
The Company currently expects to purchase the remaining shares under the $1 billion program through open market purchases, subject to trading window periods
and the program's June 30, 2007 expiration date.
We expect to continue to make open market purchases during normal trading window periods
95-19 unless one of the following window periods