New Bankruptcy Intersections (2023-2024 Ed.) – Webinar Premiering August 31, 2023

Leading Professionals to Teach About Bankruptcy Intersections

Financial Poise Webinars™ announces “The Intersection of Bankruptcy and….Tax Law,” a live webinar premiering  August 31st at 2:00 PM CST. This webinar is co-produced by West LegalEdCenter™ and part of the “Bankruptcy Intersections 2023” series. It will feature Robert Richards (Dentons); Gary Marsh (Troutman Pepper); John Harrington (Dentons); and David Agler (Agler Law Group).

This webinar also explores how taxable income becomes part of the debtor’s estate during the pendency of the bankruptcy proceeding, and how that income is taxed.

The issues created by the intersection of bankruptcy law and tax law are complex and marked by the tension between the fundamental goal of the federal bankruptcy laws is to give debtors a financial “fresh start” from burdensome debts and the applicable federal income tax laws. As a result, certain tax liabilities are not dischargeable in bankruptcy. Moreover, a debtor generally continues to be subject to applicable federal income tax laws and must timely file federal income tax returns and pay federal income tax.

This webinar examines the tax responsibilities of a debtor, as well as the types of tax claims and what requirements must be met for a taxing authority to have a secured, priority, or administrative claim in a bankruptcy case. This webinar also explores how taxable income becomes part of the debtor’s estate during the pendency of the bankruptcy proceeding, and how that income is taxed.

The treatment of tax attribute carryovers, alternative minimum tax considerations, and cancellation of debt income are also addressed with respect to the debtor’s potential tax liability. These tax issues can also be important factors during a debtor’s sale of assets pursuant to section 363 of the Bankruptcy Code.

Learn More or Register:
https://westlegaledcenter.com/program_guide/course_detail.jsf?courseId=100299230.

Note: If you or your firm are subscribed to West LegalEdCenter™, this webinar is included in your subscription at no additional cost.