Articles

John Lehrer, Heather Fincher Author Article on Tax Impact of Debt Forgiveness

Articles / February 7, 2017

Partner John Lehrer and Associate Heather Fincher authored an article published Jan. 1, 2017, by the American Bankruptcy Institute. The article, “Tax Trap: When Debt Forgiveness is Not a Free Pass,” provides an overview of how discharge of indebtedness for a failed business can have significant income tax consequences at both the entity and owner levels, depending on how the entity was originally formed.

Read the article (registration required).