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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

Energy Future Holdings Chapter 11 Case - The Largest Game Ever of Texas Hold’em?
  • Kelley Drye & Warren LLP
  • USA
  • May 31 2016

The chapter 11 case of Energy Future Holdings ("EFH" or "Debtors") roared back to life this month. Certain key conditions for the plan of

Good News on “Bad Boy” Guarantees - IRS Reverts to Prior Position in Recent Legal Advice Memorandum
  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • USA
  • May 12 2016

On April 15, 2016, the IRS released a generic legal advice memorandum (GLAM 2016-001) (the "April GLAM") addressing the impact of so-called "bad boy"

SALT Implications of Proposed Section 385 DebtEquity Regulations
  • McDermott Will & Emery
  • USA
  • May 18 2016

On April 4, 2016, without warning, the US Department of the Treasury proposed a new set of comprehensive regulations under section 385. There had

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

The Bitcoin Identity Crisis: Currency or Property?
  • Baker & Hostetler LLP
  • USA
  • February 17 2016

The confusion over Bitcoin grows in the latest lawsuit brought in a California bankruptcy court by Trustee Mark Kasolas against Marc Lowe, a former

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

For Bankruptcy Purposes, the Ninth Circuit Bankruptcy Appellate Panel Asks: When is a Tax Return Not a Tax Return? Then Provides An Answer Different From Other Circuits’
  • Paul Hastings LLP
  • USA
  • January 6 2016

In a December 17, 2015 decision in United States v. Martin (In re Martin), 2015 WL 9252590 (9th Cir. BAP 2015) the Bankruptcy Appellate Panel of the

How to fix Puerto Rico's fiscal mess without bailout or bankruptcy
  • Arent Fox LLP
  • USA
  • November 10 2015

Puerto Rico continues to face a fiscal crisis of unprecedented proportion. The island of only 3.5 million people carries a massive debt load of $72

Will Inherited IRAs Be Used As A Tool for Protecting An Inheritance from Creditors?
  • Bryan Cave LLP
  • USA
  • June 10 2016

A recent decision out of a New Jersey Bankruptcy Court highlights a loophole in the Bankruptcy Code which may allow Chapter 7 debtors to keep