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Results: 1-10 of 143

Reorganization plan qualifies for bankruptcy exception to NOL limitation rules

  • Morrison & Foerster LLP
  • -
  • USA
  • -
  • April 30 2013

In another recent private letter ruling, the IRS ruled that an ownership change pursuant to a bankruptcy reorganization plan qualified for an

Delinquent property tax collection: foreclosure may be vulnerable

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • September 25 2012

Wisconsin has a strict tax foreclosure procedure in which the tax authority effectively obtains the property without any public or competitive bidding in satisfaction of the delinquent tax bill

Escaping taxes in bankruptcy through S corporations

  • Greenberg Glusker Fields Claman & Machtinger LLP
  • -
  • USA
  • -
  • September 29 2014

Shareholders of financially troubled S corporations may now be able to avoid the flow-through of taxes when the S corporation or its subsidiary files

Unintended tax consequences for investors in debt obligations

  • Seyfarth Shaw LLP
  • -
  • USA
  • -
  • June 9 2009

With an increasing emphasis on identifying value in the marketplace, entrepreneurs have focused their efforts on acquiring debt instruments, senior secured and mezzanine, in particular

The ongoing saga of tax refund ownership for bank holding companies

  • Arent Fox LLP
  • -
  • USA
  • -
  • February 4 2015

The Third Circuit recently weighed into the ongoing debate over the ownership of tax refunds generated by a failed bank in FDIC receivership, but

Tax sharing agreements in bankruptcy a tale of two jurisdictions

  • Kramer Levin Naftalis & Frankel LLP
  • -
  • USA
  • -
  • August 28 2013

Often times, tax planning can be an important part of assessing an estate's available assets and preserving the value of such assets for the benefit

Lenders should consider suggesting bankruptcy to borrowers following the sale of delinquent taxes on a principal residence

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • January 31 2014

The Seventh Circuit Court of Appeals recently held that a plan under chapter 13 of the Bankruptcy Code can modify the rights of a purchaser of

Sixth Circuit holds that supplemental unemployment compensation benefits are not ‘wages’ subject to FICA taxation

  • Pepper Hamilton LLP
  • -
  • USA
  • -
  • September 10 2012

In an important recent decision, United States v Quality Stores, Inc., et al., in which Pepper represented the prevailing party, the U.S. Court of Appeals for the Sixth Circuit held that supplemental unemployment compensation benefits (SUB payments) paid by a bankrupt company to its former employees were not wages subject to taxation under the Federal Insurance Contributions Act (FICA

Supreme Court highlights new concerns in naming IRA beneficiary

  • Quarles & Brady LLP
  • -
  • USA
  • -
  • August 11 2014

Before Ruth Heffron passed away in 2001, she named her daughter, Heidi Heffron-Clark, as the beneficiary of her individual retirement account ("IRA"

Energy Future Holdings bidding procedures fight highlights conflicts among affiliated debtors

  • Kelley Drye & Warren LLP
  • -
  • USA
  • -
  • December 12 2014

Energy Future Holdings (EFH), fka TXU Corp., an energy company centered in Texas, was taken private in 2007 in the largest leveraged buyout