Add to ORKGThe final step in handling discharged debt involves the reduction of the basis of the debtor\u27s property or of the debtor\u27s depreciable property if the debtor elects to reduce basis before reducing the other tax attributes. The timing of basis reduction is the same in all instances – basis is reduced at the beginning of the year after the year of debt discharge. The major concern with basis reduction is the order in which the debtor\u27s assets are subject to basis reduction
In 1986, Congress enacted legislation allowing solvent farm debtors to avoid income from the dischar...
One of the most painful outcomes on the formation of a corporation in a tax-free exchange is to disc...
One of the important objectives in the incorporation of a farm or ranch business is to accomplish a ...
Frequently, as part of debt restructuring where indebtedness is discharged, the income tax basis of ...
In the last issue, we examined the income tax consequences of transfers of property to creditors in ...
The Revenue Reconciliation Act of 1993 made major changes in the handling of discharge of indebtedne...
Since the mid 1980s, the problem of income tax liability on discharge of indebtedness has taken on a...
In the last three issues, the discussion focused upon the discharge of indebtedness as a result of t...
Until 1987, a procedure was available for avoiding income tax for solvent debtors generally. That pr...
As was noted in the March 30, 1990 issue of Agricultural Law Digest, whether discharge of indebtedne...
From 1983 to 1989, US agricultural debt dropped by about $60 billion as debts were discharged in ban...
The United States is awash in a sea of debt. In the midst of the most severe recession since the Gre...
In the early stages of debt restructuring in an economic downturn for farm and ranch taxpayers, the ...
In handling discharge of indebtedness for income tax purposes, a highly important question is whethe...
This section illustrates the various ways property may be acquired, and how the resulting basis may ...
In 1986, Congress enacted legislation allowing solvent farm debtors to avoid income from the dischar...
One of the most painful outcomes on the formation of a corporation in a tax-free exchange is to disc...
One of the important objectives in the incorporation of a farm or ranch business is to accomplish a ...
Frequently, as part of debt restructuring where indebtedness is discharged, the income tax basis of ...
In the last issue, we examined the income tax consequences of transfers of property to creditors in ...
The Revenue Reconciliation Act of 1993 made major changes in the handling of discharge of indebtedne...
Since the mid 1980s, the problem of income tax liability on discharge of indebtedness has taken on a...
In the last three issues, the discussion focused upon the discharge of indebtedness as a result of t...
Until 1987, a procedure was available for avoiding income tax for solvent debtors generally. That pr...
As was noted in the March 30, 1990 issue of Agricultural Law Digest, whether discharge of indebtedne...
From 1983 to 1989, US agricultural debt dropped by about $60 billion as debts were discharged in ban...
The United States is awash in a sea of debt. In the midst of the most severe recession since the Gre...
In the early stages of debt restructuring in an economic downturn for farm and ranch taxpayers, the ...
In handling discharge of indebtedness for income tax purposes, a highly important question is whethe...
This section illustrates the various ways property may be acquired, and how the resulting basis may ...
In 1986, Congress enacted legislation allowing solvent farm debtors to avoid income from the dischar...
One of the most painful outcomes on the formation of a corporation in a tax-free exchange is to disc...
One of the important objectives in the incorporation of a farm or ranch business is to accomplish a ...