Add to ORKGUntil 1987, a procedure was available for avoiding income tax for solvent debtors generally. That procedure involved an election to reduce the income tax basis of depreciable assets for qualified business indebtedness. However, that elective procedure was repealed in 1986 effective at the end of that year. The same legislation repealing the solvent debtor rule enacted a provision for solvent farm debtors. The statute was amended substantially in 1988
Since enactment of the Agricultural Credit Act of 1987,1 in which Congress instructed the then Farme...
In the last three issues, the discussion focused upon the discharge of indebtedness as a result of t...
The downturn in farm commodity prices has focused attention once again on forgiveness of debt or “di...
In 1986, Congress enacted legislation allowing solvent farm debtors to avoid income from the dischar...
The Revenue Reconciliation Act of 1993 made major changes in the handling of discharge of indebtedne...
Until 1987, a procedure was available for avoiding income tax for solvent debtors generally. That pr...
In the last issue, we examined the income tax consequences of transfers of property to creditors in ...
Since the mid 1980s, the problem of income tax liability on discharge of indebtedness has taken on a...
Lower grain and soybean prices have brought back memories (for many) of the 1980s.1 One of the early...
From 1983 to 1989, US agricultural debt dropped by about $60 billion as debts were discharged in ban...
As was noted in the March 30, 1990 issue of Agricultural Law Digest, whether discharge of indebtedne...
In handling discharge of indebtedness for income tax purposes, a highly important question is whethe...
In a previous issue, we covered “Discharge of Indebtedness-- A Source of Surprises: Part I.” In this...
The Qualified Farm Indebtedness Exception to Taxation of Discharged Debt: Making Hay Under TR
A 1995 decision by the Eighth Circuit Court of Appeals has dramatized once again that there is relie...
Since enactment of the Agricultural Credit Act of 1987,1 in which Congress instructed the then Farme...
In the last three issues, the discussion focused upon the discharge of indebtedness as a result of t...
The downturn in farm commodity prices has focused attention once again on forgiveness of debt or “di...
In 1986, Congress enacted legislation allowing solvent farm debtors to avoid income from the dischar...
The Revenue Reconciliation Act of 1993 made major changes in the handling of discharge of indebtedne...
Until 1987, a procedure was available for avoiding income tax for solvent debtors generally. That pr...
In the last issue, we examined the income tax consequences of transfers of property to creditors in ...
Since the mid 1980s, the problem of income tax liability on discharge of indebtedness has taken on a...
Lower grain and soybean prices have brought back memories (for many) of the 1980s.1 One of the early...
From 1983 to 1989, US agricultural debt dropped by about $60 billion as debts were discharged in ban...
As was noted in the March 30, 1990 issue of Agricultural Law Digest, whether discharge of indebtedne...
In handling discharge of indebtedness for income tax purposes, a highly important question is whethe...
In a previous issue, we covered “Discharge of Indebtedness-- A Source of Surprises: Part I.” In this...
The Qualified Farm Indebtedness Exception to Taxation of Discharged Debt: Making Hay Under TR
A 1995 decision by the Eighth Circuit Court of Appeals has dramatized once again that there is relie...
Since enactment of the Agricultural Credit Act of 1987,1 in which Congress instructed the then Farme...
In the last three issues, the discussion focused upon the discharge of indebtedness as a result of t...
The downturn in farm commodity prices has focused attention once again on forgiveness of debt or “di...