Training
Provided by Lorman Education Services
BenefitsThe current market climate has created opportunities for investors or debtors themselves to acquire outstanding debt at remarkable discounts. Unfortunately, it also has left many companies struggling and in need to modify their outstanding debt. Many large, well know companies have dissolved or declared bankruptcy. Debt modifications, repurchases and bankruptcy can have a profound tax impact on borrowers and lenders alike. In this teleconference, we will discuss a myriad of issues, including rules that treat debt modifications as taxable transfers, the taxation of cancellation of indebtedness income and exceptions thereto, and the stimulus package rules that allow for a deferral of tax on the cancellation of indebtedness. We also will discuss the impact of these transactions on holders of distressed debt. The stimulus package includes provisions designed to encourage the deleveraging of
American companies. However, the rules are technical and detailed. Any person advising a company considering modifying or repurchasing its debt or declaring bankruptcy should attend this important teleconference.
Accountants, tax managers,
CFOs, controllers, enrolled agents, business managers and owners, presidents, vice presidents,
CEOs, business and financial analysts, risk managers, bookkeepers, operations managers, banking professionals and attorneys
| This is primarily teleseminar training |  | This class may be available at a classroom in Milwaukee, WI,
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 | Contact Lorman Education Services for more information |
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| Duration: | 1 days | | Training Presented in: | English |
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