Bankruptcy Taxation

Bonus! Seaside Chat: The Uncertain Future of Municipal Tax Takings: A Status Report

Supreme Court to Rule on Waiver of Sovereign Immunity for Suits Under Section 544(b)(1)

To resolve a circuit split, the Supreme Court has agreed to decide whether a trustee can sue the government to recover a fraudulent transfer under state law when sovereign immunity would bar an ‘actual creditor’ from suing.

Federal Tax Issues in Bankruptcy

July 2024

Fourth Circuit Says Entireties Property Is Not Exempt from Tax Debt

The lack of perfection of a federal tax lien did not mean that the entireties interest was exempt under Section 522(b)(3).

Tax Consequences to Debtors and Creditors of Credit Bids, Foreclosures, and Deeds in Lieu of Foreclosure These transactions involve transfers of property securing a loan to the creditor in satisfaction of the debt. The applicable federal tax rules determines the amount of taxable gain realized by the debtor. The rules also determine if the creditor realizes a beneficial bad debt deduction and/or gain or loss on its acquisition. A central issue is how tax law deals with the question of the fair market value of the property. This session will illustrate the alternatives to debtors and creditors and potential planning considerations impacting after tax cash results to both parties. Participants will understand how tax law operates in credit bid, foreclosure and deed in lieu transactions including how the tax law treats the issue of what is the fair market value of the property involved in the transaction. Such understanding can assist participants in representing their clients when property securing a loan is transferred from the debtor to the lender to satisfy the debt. Business Suggested Speakers Richard Liebman rliebman@bdo.com BDO USA P.C.

Financial Reporting vs Cash Flow Projections Double entry accounting and financial statement literacy, cash flow projections, monthly operating report basics - the new forms.
Tax issues.
Adult ADHD diagnoses - coping skills - (luncheon speaker?)
Substance abuse
Boycott Arizona until they change their 1800s laws regarding women's health. Go back to Terranea. I will not be attending. Business ELISA SARTORI esartori@greenridgeservices.com Greenridge Financial Services LLC