United States

Tax and Accounting Issues for Retail Debt Restructurings and Reorganizations

Thursday August 10, 2017 2:00 PM - 3:00 PM EDT
From KPMG TaxWatch

KPMG TaxWatch

Changes in retail market conditions and economic uncertainty has contributed to retail businesses facing 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 in or out of bankruptcy protection
  • Application of fresh start accounting upon emergence from bankruptcy

Howard Steinberg

Partner-in-Charge, U.S. Tax Restructuring and Corporate Recovery, KPMG LLP

Cynthia Kielkucki

Managing Director, Accounting Advisory Services, KPMG LLP

David Wheat

Principal, Washington National Tax, Corporate KPMG LLP