Tax Planning for Troubled Corporations: Bankruptcy and Nonbankruptcy Restructurings, one of two new treatises from CCH, covers key areas of tax planning for and tax aspects of restructuring for financially troubled companies. Information included is designed to identify early warning time when cash flow becomes insufficient to service debt and determine the potential need for a company to exchange debt for equity.
The other new entry, Corporations Filing Consolidated Returns offers, offers incorporates numerous examples along with practice aids to help professionals understand the rules governing income taxation of consolidated corporate groups. There is in-depth guidance for consolidated return taxation issues. Among the topics are the affiliated group and consolidated elections, tax liability, tax years and methods of accounting, intercompany transactions, earnings and profits, stock basis and related items, and loss limitations.
Price: Tax Planning, $599; Corporations, $685. CCH: (888)-224-7377, CCHGroup.com.