Revenue – primary goal
§108(b)(1) and (2)
– I don’t think I understand these at all. Something about reduction of tax attributes. What the fuck is a tax attribute.
If taxpayer becomes
profitable after the discharge
reducing tax attributes
, whatever they may be, effectively defers income rather than permanently excluding it.
Or taxpayer can reduce basis of depreciable property. §108(b)(5)(A). And future depreciation deductions will be less. Also defers recognition of income.
If you become
solvent because of discharge
, can only exclude to extent of insolvency.
So exclusion limited to amount that will make taxpayer have zero net worth.
upload documents -> Always put things in threes (eskridge has ocd) I. Procedural Due Process and Reading a Case
upload documents -> Federalism – The Structure of Government
upload documents -> General Info About Property law
upload documents -> Con law professor Larry Sager Fall 1995 I. U. S. Term limits V. Thornton
upload documents -> Property with Professor Vicki Been
upload documents -> Property Outline – Professor Upham, Spring 2000
upload documents -> Constitutional law outline part I: structure of government judicial review and constitutional interpretation
upload documents -> Complex federal investigations
upload documents -> Foundations: Agency Law Introduction to law of enterprise organizations
upload documents -> Pricing v. Sanctions
Share with your friends:
The database is protected by copyright ©essaydocs.org 2020