Tax Planning for Cancellation of Debt
Joseph B. Darby III will present "Tax Planning for Cancellation of Debt," at a webinar sponsored by Thomson Reuters.
Mr. Darby will address the tax aspects of cancellation of debt, both from a cancellation occurring in bankruptcy and a cancellation or modification resulting from a negotiated settlement between a lender and a distressed borrower. He will discuss the unfortunate and increasingly common circumstance where taxpayers are in dire economic straits, and cannot pay off their outstanding debts. The modification or cancellation of outstanding debts can lead to complicated and often adverse tax consequences to both the borrower and the lender.
To learn more and to register for this webinar, visit Thomson Reuters.