WASHINGTON - The Internal Revenue Service issued temporary rules yesterday to help taxpayers carry out the new mark-to-market requirements that were in the tax law President Clinton signed last August.

The mark-to-market provisions, which take effect Friday, require broker-dealers, banks, and other financial institutions to use the market value of the securities and loans they hold, rather than their cost, to determine tax losses or gains at the end of the year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.