IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Taxation and Accounting Issues With Debt Restructuring, Modifications, and Bankruptcies (OnDemand Webinar)

$199.00

SKU: 410526EAU

Description

Provide solutions to better anticipate the tax consequences related to debt forgiveness or refinancing transactions.Businesses often begin to face financial difficulties, either due to a change in the status of an industry or unforeseen downturns in the business. These downturns often require the refinancing of existing debt in order to allow for adequate debt service. Having a firm understanding of the tax rules around debt forgiveness and bankruptcy allows clients and their advisors to better anticipate the consequences of these refinancing transactions and prepare for the impact. This topic provides tools to identify the transactions which result in a debt modification for tax purposes and provides solutions to better anticipate the tax consequences related to debt forgiveness or refinancing transactions.

Date: 2023-04-12 Start Time: End Time:

Learning Objectives

Overview – When Are the Tax Debt Modification Rules Relevant?
• Bankruptcies
• Insolvencies
• Other Refinancing Transactions/Debt Modifications

The Impact of COD Income
• General Rules on Recognition
• Exclusions Available
• The Government Taketh Back – Attribute Reduction
• Nuances in Consolidation
• Sections 382(l)(5) and (l)(6) and the Impact of the Proposed Section 38 Regulations

AIPB ,CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Nick Gruidl-RSM US LLP, Darian Harnish – RSM US LLP, Patrick Phillips – RSM US LLP

IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

Taxation and Accounting Issues With Debt Restructuring, Modifications and Bankruptcies (OnDemand Webinar)

$219.00

SKU: 406412EAU

Description

Provides solutions to better anticipate the tax consequences related to the debt forgiveness or refinancing transactions.Businesses often begin to face financial difficulties, either due to a change in the status of an industry or unforeseen downturns in the business. These downturns often require a refinancing of existing debt in order to allow for adequate debt service. Having a firm understanding of the tax rules around debt forgiveness and bankruptcy allows clients and their advisors to better anticipate the consequences of these refinancing transactions and prepare for the impact. This topic provides tools to be able to identify the transactions which result in a debt modification for tax purposes, and provides solutions to better anticipate the tax consequences related to the debt forgiveness or refinancing transactions.

Date: 2019-10-08 Start Time: End Time:

Learning Objectives

Introduction • When Are the Tax Debt Modification Rules Relevant?
• Bankruptcies
• Insolvencies
• Other Refinancing Transactions / Debt Modifications

The Impact of COD Income
• General Rules on Recognition
• Exclusions Available
• The Government Taketh Back • Attribute Reduction
• Nuances in Consolidation
• Sections 382(l)(5) and (l)(6) and the impact of the Proposed Section 38 Regulations

No Credit Available

Nick Gruidl-RSM McGladrey Inc., Patrick Phillips – RSM McGladrey Inc.