Audio and Video | On-Demand CLE
Evidence for Administrative Hearing Professionals: Evaluation of Admissible Evidence Using Real-Fact Scenarios (On-Demand CLE)
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
By Michael Hirschfeld, Nancy R Little and Stephen M Breitstone
$90
NON-MEMBERS
$70
MEMBERS
$50
SECTION MEMBERS
*Additional discounts may apply at checkout
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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.
Product Details
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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