Download or read book Discharge of Taxes in Bankruptcy written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1965 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bankruptcy and Other Debt Cancellation written by United States. Internal Revenue Service and published by . This book was released on 1989 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Discharging Taxes in Bankruptcy written by Morgan D. King and published by . This book was released on 1995 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bankruptcy and Insolvency Taxation written by Grant W. Newton and published by John Wiley & Sons. This book was released on 2012-02-01 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt: The thousands of mergers, acquisitions, and start-ups that have characterized the past years of business have created an increasing number of corporations in financial trouble: specifically, a shortage of venture capital or quick cash. Consequently, bankruptcy protection is now viewed as a strategic move to protect corporations from their creditors and allow them to reorganize. Fully revised and updated with new case studies and the latest coverage of regulations, Bankruptcy and Insolvency Taxation, Fourth Edition provides the answers to the questions financial managers will have on the tax aspects of bankruptcy strategy.
Download or read book Discharge of Late Tax Return Debt in Bankruptcy written by Timothy M. Todd and published by . This book was released on 2019 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current majority rule for handling the discharge of tax debt related to a tardily filed tax return is severely distorted and antithetical to sound bankruptcy and taxation policy. For years, it was established law that bankruptcy could discharge stale tax debts. Indeed, the Bankruptcy Code provided a clear and workable standard that delicately balanced the interest of the government as creditor, the debtor's need for a fresh start, and the interest of the general unsecured creditor. This system used a series of timing rules that allowed stale tax debts to be discharged and allowed the government to collect "fresh" tax debts post-bankruptcy.The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 ushered in many consumer bankruptcy reforms. One of those changes regarded how courts were to treat substitute returns prepared by the Internal Revenue Service ("IRS") when a taxpayer failed to file any tax return. However, that targeted legislative patch has been incorrectly applied to any and all late tax returns -- even if the tax return is filed only one day late -- to preclude forever a discharge for that tax debt. This result is a radical sea change in bankruptcy law that is wrong and needs to be remedied.This Article demonstrates four problems with the majority rule. First, the majority rule violates principles of statutory construction. Second, the effects of the rule are exacerbated in state jurisdictions that do not have substitute return provisions. Third, the majority rule violates the principle that courts do not effect major bankruptcy changes without clear legislative command. Fourth -- and perhaps most troubling -- is that the majority rule now decouples tax priority and discharge.This Article therefore provides both legislative and judicial solutions to solve these problems. In particular, this Article advances a better, more workable judicial test -- the indispensable element test -- to determine whether a late tax return complies with the current statutory elements for bankruptcy discharge.
Download or read book Tax Planning for Troubled Corporations written by Gordon D. Henderson and published by CCH. This book was released on 2007 with total page 1084 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax Planning for Troubled Corporations, by noted tax attorneys Gordon D. Henderson and Stuart J. Goldring, clearly outlines the steps involved in corporate bankruptcy proceedings and examines the tax procedural aspects of bankruptcy. This classic treatise provides crystal clear analysis and guidance for any company considering bankruptcy filing and for tax, financial and legal advisors to such companies. It examines the full gamut of tax aspects, consequences and considerations of bankruptcy and non-bankruptcy restructuring of financially troubled businesses -- from the corporation's initial tax payment and reporting obligations through the claims resolution process, to the payment and discharge of tax claims pursuant to a confirmed Chapter 11 plan.
Download or read book How to Discharge Taxes in Bankruptcy written by Robert G. Nath and published by . This book was released on 1993 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bankruptcy and Insolvency Taxation written by Grant W. Newton and published by Wiley. This book was released on 2002-06-12 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2002 Cumulative Supplement includes updates to many subjects including: taxation of bankruptcy estates and debtors, corporate organizations, use of net operating losses, tax procedures and litigation, tax priorities and discharge, and tax preferences and liens.
Download or read book Description of H R 5043 Bankruptcy Tax Act of 1979 Scheduled for a Hearing Before the Subcommittee on Select Revenue Measures of the Committee on Ways and Means on September 27 1979 written by United States. Congress. Joint Committee on Taxation and published by . This book was released on 1979 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Failing and Failed Businesses written by Gordon Henderson and published by . This book was released on 2000 with total page 836 pages. Available in PDF, EPUB and Kindle. Book excerpt: This resource dearly outlines the steps involved in bankruptcy proceedings and examines the procedural tax aspects of bankruptcy from the corporation's initial tax payment and reporting obligations, through the claims resolution process, to the payment and discharge of tax claims pursuant to a confirmed Chapter 11 plan. Includes discussions of Banckruptcy versus Nonbankruptcy Restructuring -- Debt Modification -- One-Company Equity-for-Debt Recapitalizations -- Liquidating Trusts, Escrows, and the Like -- and more.
Download or read book Discharging Taxes in Bankruptcy written by Morgan D. King and published by . This book was released on 1999 with total page 915 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook for Chapter 7 Trustees written by and published by . This book was released on 2001 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bankruptcy and Insolvency Taxation written by Grant W. Newton and published by John Wiley & Sons. This book was released on 2007-08-10 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2007 Cumulative Supplement includes the following updates: Chapter 1 is updated to include the general provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Includes tax changes in the Act, several recent cases and directives issued by the Internal Revenue Service and the Treasury, and the adjustments to dollar amounts for petitions filed after March 31, 2007. Chapter 8 has been completely rewritten and included in this supplement to incorporate the state and local tax issues in the 2005 Act.
Download or read book The Collection Process income Tax Accounts written by United States. Internal Revenue Service and published by . This book was released on 1978 with total page 4 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Federal Tax Aspects of Bankruptcy written by C. Richard McQueen and published by . This book was released on 1984 with total page 924 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Changes in Bankruptcy Tax Law written by United States. Congress. House. Committee on Ways and Means and published by . This book was released on 1978 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Bankruptcy Tax Act and Minor Tax Bills written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures and published by . This book was released on 1979 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
