Tax Planning for Troubled Corporations: Bankruptcy&Nonbankruptcy Restructurings (2005)

Tax Planning for Troubled Corporations clearly outlines the steps involved in bankruptcy proceedings and examines the procedural tax aspects of bankruptcy. Practical guidance runs the gamut 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.With updated material and expanded coverage, the 2005 Edition is thoroughly updated to account for all new developments that have occurred in this dynamic area of the law since publication of the last edition, including relevant legislation, important IRS rulings and regulations, and new case law.In addition, the 2004 Edition continues its coverage of the pending bankruptcy reform bill, which was initially approved by the House in March 2003, but has not yet been acted upon in the Senate. The bill would affect a broad range of tax related provisions, discussions of which are included in this Edition and referenced in the index under "Legislation