The global pandemic is forcing companies to consider debt and bankruptcy restructuring options, approaches that may require them to consider the treatment of costs in various contexts. For example, taxpayers may incur significant costs to pursue such approaches that may be deductible or capitalized. Also, debt restructuring may allow taxpayers to deduct costs previously capitalized on the issuance of the debt. While the tax treatment of such costs is often complex, insight into these topics can improve cash tax positions during this uncertain time, and, if needed, better position the company for success after emergence from restructuring in or out of bankruptcy.
Please join professionals from KPMG’s M&A Tax and Washington National Tax practices as they discuss the risks, opportunities, and practices for the tax treatment of such restructuring costs.