Tax Strategies for Distressed Commercial Real Estate: Who Said Taxes Are a Certainty? Audio Download

      By Michael Hirschfeld, Nancy R Little, and Stephen M Breitstone

      Tax Strategies for Distressed Commercial Real Estate: Who Said Taxes Are a Certainty? Audio Download

      Tax Strategies for Distressed Commercial Real Estate: Who Said Taxes Are a Certainty? Audio Download

      By

      PROGRAM INFORMATION Real estate loan workouts present significant tax opportunities and pitfalls for both owners and lenders. Complex tax rules addressing the impact of cancellation of debt income are overlaid with equally complex rules that can eliminate or defer resulting income, sometimes with long term impacts of their own ...
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      PROGRAM INFORMATIONReal estate loan workouts present significant tax opportunities and pitfalls for both owners and lenders. Complex tax rules addressing the impact of cancellation of debt income are overlaid with equally complex rules that can eliminate or defer resulting income, sometimes with long term impacts of their own that make the task of how to proceed daunting. Among the topics we will discuss are:
      • Impact of debt restructuring including the "significant modification" tax rules and the recently proposed regulation addressing when debt is publicly traded, which may present a stumbling block for numerous routine workout situations.
      • In the case of a debt cancellation, distinguishing cancellation of debt income from income from the sale of the property, and why this may make a huge difference for your client.
      • Tools to eliminate cancellation of debt income: bankruptcy, insolvency, purchase price adjustment, qualified real property debt exception and beyond.
      • Special concerns for tax-exempt, foreign and specialized investors such as REITs.
      Our experts will not only educate as to the risks, but also discuss possible solutions. Moderator: Nancy Little Panelists: Stephen M. Breitstone, Esq. and Michael Hirschfeld, Esq.

      Product Details

      Authors

      Michael Hirschfeld, Nancy R Little, Stephen M Breitstone

      Sponsors

      Section of Real Property, Trust and Estate Law

      Product Code

      5430560AUD

      Publication Date

      3/1/2011 12:00:00 AM

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