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 and International Tax practices, as well as the Washington National Tax office, as they discuss:
- Situations where a taxpayer may have to recognize cancellation of debt income
- When there is a significant modification of a debt instrument under IRC section 1001 and the potential tax consequences to the taxpayer
- How a restructuring transaction may limit a company’s ability to utilize its tax attributes in the future due to the applicability of IRC section 382 and potential exceptions to consider when planning
- Potential application of the U.S. anti-inversion rules in IRC section 7874 to certain cross-border bankruptcy restructurings
After registering, you will receive details on how to log into the Webcast or dial in for audio only. Continuing Professional Education (CPE) credit is available for U.S. participants who meet the eligibility requirements.