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Tax Considerations of Distressed Debt Instruments
A comprehensive look at timing and loss character issues, OID, market discounts and more…
December 16th, 2009
1:30 P.M. ET
Length: 75 minutes
| Earn 1.5 CPE Credits & 1.5 CLE Credits for attending this webinar! |
As more and more investments are being made in distressed debt instruments, it’s becoming well known that the tax considerations and rules of these are quite complex! Join David Garlock, the industry’s most notable authority on taxation of debt instruments, as he provides extraordinary insight on this complicated issue. In just 75 minutes, and from the comfort and privacy of your own office, you’ll get comprehensive guidance in the following areas:
- Tax Timing Issues
- When to stop accruals of interest and OID
- Characterization of payments as interest, return of investment or gain?
- Pool accounting vs. individual loan accounting
- Tax Character Issues – Ordinary vs. Capital
- Are the loans capital assets?
- Bad debt deduction vs. loss on sale or exchange of loan
- Issues Affecting Both Timing and Character
- Market discount rules
- Significant modifications
Presenter:
David Garlock, Director of Financial Services, ERNST & YOUNG LLP
Earn CLE & CPE Credits
Financial Research Associates is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Ave. N, Suite 700, Nashville, TN, 37219. NASBA phone number: 615-880-4200; website www.nasba.org.
Sponsored learning activities are measured by program length, with one 50-minute period equal to one CPE credit. One-half CPE credit increments (equal to 25 minutes) are permitted after the first credit has been earned in a given learning activity. Please note that not all state boards adopted this rule. Some participants may not be able to use one-half credit increments. These courses are offered as group-live courses and do not require prerequisites or advance preparation. They are an intermediate level course. The recommended CPE credit for the webinar is Tax for a total of 1.5 credits. For more information regarding administrative policies such as complaint and refund, please contact our offices at 800-280-8440.
CLE Credits: The total credit for attending this webinar is 1.5 credits. Upon conclusion, this program will be submitted for review and approval. Certificates will be sent out via email upon receipt of approval. A certificate of attendance will be issued individually that you can use to apply for CLE credit in various states.
Register Today!
Individual Registration - $295
*Group Registration Options - $1,995
Access for 45 or fewer attendees from the same company. For group registrations of 45 or more, please contact Kathie Eberhard at 704-341-2439 or keberhard@frallc.com.
*Please note when registering delegates under Group Registrations you must submit an advance list of attendees from your organization including email address and name.
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