Debt vs. Equity in the Tax Court

While there is a lack of guidance from the IRS on determining whether an instrument constitutes debt or equity, there are many cases that have established a list of factors that assist taxpayers in making such a determination.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/M_mewbih9gw/clinic-story-01.aspx

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