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Debt Collection Internal Revenue Service Corporate Taxes

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

Lowndes

IRS Moving Forward With Private Debt Collection Program

Lowndes on

IRS Commissioner John Koskinen recently announced that the IRS is moving forward with a program to have private companies enter into contracts to collect tax debts. Commissioner Koskinen expected that the new private debt...more

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