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Changes in market conditions and economic uncertainty can cause any business to face financial challenges. These challenges may require an organization to reform its capital structure and even seek bankruptcy protection. Understanding the potential tax and accounting consequences of these decisions is critical to the organization’s future success and long-term stability.
This one-hour audio Webcast will focus on significant tax and accounting issues in debt restructurings. Speakers will include senior professionals from the Tax Restructuring, Washington National Tax, and Accounting Advisory practices of KPMG LLP.
Issues to be addressed include:
Planning for cancellation of indebtedness income and net operating loss preservation
Unique issues for partnership debt restructuring
Worthless stock deductions
Accounting for troubled debt and debt extinguished in bankruptcy