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Partnership bankruptcy tax issues
  • Cadwalader Wickersham & Taft LLP
  • USA
  • June 26 2015

Bankruptcies and restructurings involving partners and partnerships raise a number of unique tax issues. While the Internal Revenue Service

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

Tax authorities face high hurdles to shield payments from preference actions
  • Reed Smith LLP
  • USA
  • January 19 2009

In a case that has broad implications for trustees and taxing authorities embroiled in preference avoidance actions, the Bankruptcy Court for the Western District of Missouri weighed in on the parameters of a trustee's ability to avoid preferential sales and use tax payments under section 547 of the Bankruptcy Code

Ad valorem property taxes: deadline for challenging in a bankruptcy
  • Pepper Hamilton LLP
  • USA
  • December 11 2012

Under Section 505(a)(1) of the Bankruptcy Code, generally a bankruptcy court may determine the amount or legality of any tax

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

When a tax return is not a tax return: Tenth Circuit holds tax liability not subject to discharge in bankruptcy where tax return was filed untimely
  • Stinson Leonard Street LLP
  • USA
  • January 13 2015

In a case of first impression, the Tenth Circuit Court of Appeals held a tax return that is filed after the April 15 deadline is not a “return”

Virginia General Assembly enacts changes to recording tax statutes
  • McGuireWoods LLP
  • USA
  • August 8 2012

Two significant changes were made to the Virginia recording tax statutes applicable to deeds of trusts during the 2012 session of the General Assembly

That makes two for the FDIC: 11th Circuit Court of Appeals issues another precedential decision interpreting tax sharing agreements in bankruptcy, awards ownership of tax refund to FDIC
  • Kramer Levin Naftalis & Frankel LLP
  • USA
  • October 16 2013

Eleventh Circuit Court of Appeals has now issued two precedential opinions interpreting tax sharing agreements in bankruptcy in as many months. In

International regulatory update 10-14 December 2012
  • Clifford Chance LLP
  • European Union, Germany, Hong Kong, Italy, Spain, United Kingdom, USA
  • December 17 2012

The European Council (Heads of State or Government) has published the conclusions from its meeting on 13 and 14 December 2012, at which it agreed on a roadmap for the completion of the Economic and Monetary Union