Try our Advanced Search for more refined results

Expert Analysis

Taxable COD Income Now More Likely In Restructurings

Law360, New York (January 25, 2013, 11:58 AM EST) -- During the course of the financial crisis, many private equity professionals learned a bitter tax lesson — if the terms of a debt instrument are modified while the debt is considered "traded on an established market" for tax purposes, the issuer of the debt can have immediate taxable income if (and to the extent that) the face amount of the debt exceeds its trading price. Many fortunate taxpayers were able to escape large tax bills by concluding that the debt instrument being modified did not meet the tax law's definition of "traded on an established market."...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!