Add to ORKGA 1995 decision by the Eighth Circuit Court of Appeals has dramatized once again that there is relief from discharge of indebtedness income but there is no relief from gain triggered on property transferred in settlement of debt obligations. That is the outcome even for insolvent taxpayers
A recent inquiry by a tax practitioner on the proper reporting of a turnover of a farm tractor to th...
In handling discharge of indebtedness, the line between solvency and insolvency is of critical impor...
The income tax consequences of abandonment in bankruptcy have posed significant problems for farm an...
In the last issue, we examined the income tax consequences of transfers of property to creditors in ...
A 1998 Tax Court case has focused attention once again on the income tax consequences of mortgage fo...
Lower grain and soybean prices have brought back memories (for many) of the 1980s.1 One of the early...
Until 1987, a procedure was available for avoiding income tax for solvent debtors generally. That pr...
In handling discharge of indebtedness for income tax purposes, a highly important question is whethe...
From 1983 to 1989, US agricultural debt dropped by about $60 billion as debts were discharged in ban...
In 1986, Congress enacted legislation allowing solvent farm debtors to avoid income from the dischar...
In a previous issue, we covered “Discharge of Indebtedness-- A Source of Surprises: Part I.” In this...
One of the most painful outcomes on the formation of a corporation in a tax-free exchange is to disc...
Since the mid 1980s, the problem of income tax liability on discharge of indebtedness has taken on a...
The Revenue Reconciliation Act of 1993 made major changes in the handling of discharge of indebtedne...
As was noted in the March 30, 1990 issue of Agricultural Law Digest, whether discharge of indebtedne...
A recent inquiry by a tax practitioner on the proper reporting of a turnover of a farm tractor to th...
In handling discharge of indebtedness, the line between solvency and insolvency is of critical impor...
The income tax consequences of abandonment in bankruptcy have posed significant problems for farm an...
In the last issue, we examined the income tax consequences of transfers of property to creditors in ...
A 1998 Tax Court case has focused attention once again on the income tax consequences of mortgage fo...
Lower grain and soybean prices have brought back memories (for many) of the 1980s.1 One of the early...
Until 1987, a procedure was available for avoiding income tax for solvent debtors generally. That pr...
In handling discharge of indebtedness for income tax purposes, a highly important question is whethe...
From 1983 to 1989, US agricultural debt dropped by about $60 billion as debts were discharged in ban...
In 1986, Congress enacted legislation allowing solvent farm debtors to avoid income from the dischar...
In a previous issue, we covered “Discharge of Indebtedness-- A Source of Surprises: Part I.” In this...
One of the most painful outcomes on the formation of a corporation in a tax-free exchange is to disc...
Since the mid 1980s, the problem of income tax liability on discharge of indebtedness has taken on a...
The Revenue Reconciliation Act of 1993 made major changes in the handling of discharge of indebtedne...
As was noted in the March 30, 1990 issue of Agricultural Law Digest, whether discharge of indebtedne...
A recent inquiry by a tax practitioner on the proper reporting of a turnover of a farm tractor to th...
In handling discharge of indebtedness, the line between solvency and insolvency is of critical impor...
The income tax consequences of abandonment in bankruptcy have posed significant problems for farm an...