When an organization modifies its debt, understanding the consequences and potential planning opportunities of the restructuring is key.
Please join professionals from the KPMG M&A Tax, State and Local Tax, and Economic Valuation Services practices, as well as the Washington National Tax office, as they discuss:
- Situations where a taxpayer may have to recognize cancellation of debt income, including what valuation information is needed to calculate that amount
- The calculation of cancellation of debt income and potential differences in attribute reduction for U.S. federal income tax and state income tax purposes
- When there is a significant modification of a debt instrument under IRC section 1001 and the potential tax consequences to the taxpayer
- Opportunities to apply approaches that taxpayers have used to enhance tax efficiencies when doing a debt workout transaction.