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September 25, 2009

COD Income Rules - Increasingly Important in a Troubled Economy

The Business Tax Committee continues its Taxing Matters Series on Wednesday, October 14 from 12:15pm to 1:15p.m. Troy Terakedis and Brian Close are presenting on the potential recognition of income that many taxpayers are facing as a result of their discharge from indebtedness. This session is important for tax practitioners to ensure their understanding of the rules under Code Section 108, which generally provides for income inclusion upon cancellation of debt, but also includes exceptions to this general rule. Recently adopted rules in this area will also be covered. Terakedis, partner at Calfee Halter & Griswold, advises clients in the structuring and formation of leveraged buy-out, venture capital, and other private equity funds. Close, is a member of the taxation practice group at Dinsmore & Shohl, focusing on strategic counseling for tax-related transactions.

This meeting is free to members. Register online for 1.0 CLE credit ($35) or call 614/221.4112 for event #TX091014. The seminar is CLE Easy Pass Eligible.