Cancellation of Debt Income for Debtor Subsidiary Corporations

This item addresses the U.S. corporate income tax effects of
cancellation of debt (COD) income; the contribution-to-capital exception
to COD income; partial cancellation of COD income; the impact of
insolvency; and, finally, some COD income issues to consider in the
international corporate

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/P3cYp5hGxwk/clinic-story-07.aspx

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