Taxing the Transfer of Debts Between Debtors and Creditors

Assumptions and other transfers of debt between corporations and shareholders or between partnerships and partners can often be tax free as part of a contribution, distribution, reorganization, or liquidation. This article analyzes several types of debt transfers and their potential for recognition

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/rWblgzyK7dQ/Schnee_jul2012.aspx

tucson sales tax business tax tucson tax preparer tucson tax preparation tucson tucson quickbooks help