Add to ORKGThe fact that a new tax entity may be created on bankruptcy filing has an enormous impact on the income tax consequences for the bankrupt.1 A recent Tax Court case2 has clarified the handling of S corporation losses in bankruptcy where the S corporation shareholder files for bankruptcy and the S corporation generates losses for the year
Petitioners, from 1937 to 1940, received distributions from the liquidation of a corporation of whic...
On May 14, 2012, just over seven years after enactment of the Bankruptcy Abuse Prevention and Consum...
From 1983 to 1989, US agricultural debt dropped by about $60 billion as debts were discharged in ban...
Since repeal of the General Utilities doctrine in 1986, and expiration of the two-year rule for cl...
The 2017 Tax Cuts and Jobs Act changed the landscape for the approximately 4 million S corporations ...
The income tax consequences of abandonment in bankruptcy have posed significant problems for farm an...
Imagine you are a company with a failing business that is drowning in debt. On the bright side, you ...
This article will deal only with the individual taxpayer who utilizes the bankruptcy court and not w...
In the last issue, we examined the income tax consequences of transfers of property to creditors in ...
(Excerpt) Under the Internal Revenue Code, a corporation can elect to be an “S” Corporation (“S-Corp...
This paper investigates the effect repeal of the stock-for-debt exception on corporate bankruptcy re...
Excerpt: “How do the debt discharge rules work if the taxpayer is an S corporation…? Does the debt d...
As is well known, a limited liability company (LLC) is a hybrid with the structural features derived...
E.B. 94·22 (Formerly A.E. Ext. 89-16)Beginning in the mid-1980s, a substantial number of farmers suf...
This issue\u27s lead article is concerned with the provisions of the recent Bankruptcy Tax Act which...
Petitioners, from 1937 to 1940, received distributions from the liquidation of a corporation of whic...
On May 14, 2012, just over seven years after enactment of the Bankruptcy Abuse Prevention and Consum...
From 1983 to 1989, US agricultural debt dropped by about $60 billion as debts were discharged in ban...
Since repeal of the General Utilities doctrine in 1986, and expiration of the two-year rule for cl...
The 2017 Tax Cuts and Jobs Act changed the landscape for the approximately 4 million S corporations ...
The income tax consequences of abandonment in bankruptcy have posed significant problems for farm an...
Imagine you are a company with a failing business that is drowning in debt. On the bright side, you ...
This article will deal only with the individual taxpayer who utilizes the bankruptcy court and not w...
In the last issue, we examined the income tax consequences of transfers of property to creditors in ...
(Excerpt) Under the Internal Revenue Code, a corporation can elect to be an “S” Corporation (“S-Corp...
This paper investigates the effect repeal of the stock-for-debt exception on corporate bankruptcy re...
Excerpt: “How do the debt discharge rules work if the taxpayer is an S corporation…? Does the debt d...
As is well known, a limited liability company (LLC) is a hybrid with the structural features derived...
E.B. 94·22 (Formerly A.E. Ext. 89-16)Beginning in the mid-1980s, a substantial number of farmers suf...
This issue\u27s lead article is concerned with the provisions of the recent Bankruptcy Tax Act which...
Petitioners, from 1937 to 1940, received distributions from the liquidation of a corporation of whic...
On May 14, 2012, just over seven years after enactment of the Bankruptcy Abuse Prevention and Consum...
From 1983 to 1989, US agricultural debt dropped by about $60 billion as debts were discharged in ban...