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Expert Analysis

Tax Relief Under Tax Cuts And Jobs Act? Not For Debtors

By Scott Grossman and Kenneth Zuckerbrot (June 22, 2018, 2:50 PM EDT) -- Effective Jan. 1, 2018, the Tax Cuts and Jobs Act is a wide-ranging change to the Internal Revenue Code affecting individual, corporate and international taxation. While lauded as being generally beneficial to corporate taxpayers, there is one subset of corporate taxpayers as to whom the TCJA was not beneficial — corporate taxpayers under the Bankruptcy Code....

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