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Corporate Taxes › Cancellation of Debt (COD)

Rivkin Radler LLP

Writing Off A Loan – Simultaneous COD Income and Bad Debt Deduction? Not Necessarily

Rivkin Radler LLP on

If you’ve been around closely held businesses long enough, you know that a transfer of money between a business and its owner, or between two related businesses, is sometimes characterized by the parties as a loan (“related...more

Skadden, Arps, Slate, Meagher & Flom LLP

Amending a Debt Instrument Trading at a Discount: Beware of Tax Consequences

Skadden, Arps, Slate, Meagher & Flom LLP on

In light of the current economic uncertainty, many companies are considering amending their credit agreements and other debt instruments either to minimize the likelihood of breaching financial covenants or to rework payment...more

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