Webcast overview
When it comes to the tax consequences of a debt restructuring, it pays to sweat the details, as different transaction structures can result in very different tax consequences.
Please join professionals from the KPMG M&A Tax Restructuring practice and Washington National Tax office as they discuss opportunities in the debt restructuring area, including the following:
- The utilization of certain reorganization structures to significantly reduce the tax downsides of debt cancellation
- Planning that can potentially “convert” taxable gain recognition into cancellation of indebtedness income that can be excluded from gross income
- The ability to potentially “trigger” a worthless securities deduction in a tax consolidated group in order to preserve more valuable tax attributes and/or generate a loss that can be more easily used in future years
