“Throwing in the Towel” – Tax Planning Opportunities Associated with the Abandonment of PropertyNewsletter


Between the current credit crunch and the decline in property values, many companies are struggling, especially those heavily invested in real estate. As a result, many investors are asking themselves whether the time is right to “throw in the towel.”… More

Deferral of Cancellation of Indebtedness Income Allowed by Recovery and Reinvestment ActNewsletter


The recently enacted American Recovery and Reinvestment Act of 2009 (commonly referred to as the “Recovery Act”) significantly amended some of the rules governing the recognition of cancellation of indebtedness (“COD”) income in response to the current economic crisis.