*Endorsed by the Bankruptcy, Insolvency & Creditors’ Rights Section and the Taxation Law Section of the State Bar of Wisconsin
Untangling knotty situations
Bankruptcy and taxes impact one another, so it’s essential to know how an action in one area affects the other. Advanced Tax Consequences of Bankruptcy is the third in a series of three webcasts covering important tax-related issues in bankruptcy proceedings. Experienced practitioners and the IRS Office of the Chief Counsel provide the guidance you need to wisely counsel your clients as they navigate the complexities of bankruptcy.
From convoluted to clear
Not every bankruptcy is an average, run-of-the-mill proceeding. Some cases involve intricate and even downright perplexing situations. What should you do when you face one of these unique, complex bankruptcies?
Advanced Tax Consequences of Bankruptcy covers the challenging and often ambiguous taxation issues that arise when business ownership, divorce, or other variables are involved. Learn the answers to questions such as:
- How can pre-bankruptcy planning and timing impact the tax liability of the filer?
- What tax-related concerns can crop up in bankruptcy involving a business entity?
The presenters will also walk through a real-world example of a bankruptcy involving a partnership consisting of a C Corporation, an S Corporation, another partnership, a highly solvent individual, and an individual going through their own Chapter 7 bankruptcy.
Discover strategies to solve out-of-the-ordinary tax troubles in complex bankruptcies.