Tax Treatment of Cancellation of Debt
Thursday, March 4, 2010
Hosted by White & Case LLP
1155 Avenue of the Americas, New York, NY 10036

The tax treatment and reporting of cancelled debt is complex and poses a significant challenge for affected taxpayers. This program will consider the tax consequences of cancelled debt, exceptions to income recognition, related reductions in tax attributes, and reporting requirements. The program will also cover changes in the law pursuant to the Mortgage Forgiveness Debt Relief Act of 2007 and the Emergency Economic Stabilization Act of 2008.

Faculty Chairs: William Nelson, Esq., and Juan Beritan, Esq., Civil Practice

CLE Credit: 2 credits total: 1 hour of professional practice/practice management and 1 hour skills. This program provides transitional credit for newly admitted attorneys.