Oil Co. Restructuring Deals Bring Unwanted Tax Burdens

Law360, New York (October 25, 2016, 11:06 AM EDT) -- Michael A. Silva

Vince Slusher The current decline in oil prices, which continues to show no signs of a long-term reversal, is having great many unexpected and unwanted consequences, many of which may turn into long-lasting troubles for the oil and gas industry — and especially for its investors.

Investors who own shares in companies and partnerships that are suffering from the hard times in the oil patch will face an even bigger headache thanks to the tax consequences of the price drop. The problem — essentially a situation that requires investors to book income for tax purposes and to pay...

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