Subject Index
“A” reorganizations, §§ 5.1(b), 5.1(c), 5.2(g), 5.4(a)(i), 5.4(a)(iii), 5.4(a)(iv)(E), 5.6(b), 5.8(a)(iv), 6.6(c)
Abandonment
partnership interest, § 3.2(k)
property, §§ 2.8(c), 2.9(d)
Abuse
presumption of, §§ 1.1(a), 1.2(e)(iii)
rebuttal of, § 1.2(e)(iii)
Abusive gains, § 6.4(c)
Accounting period, bankruptcy estate, § 4.3(c)(iv)
Acquisitive reorganizations, § 5.4(a)
Administrative expenses
amortization of capitalized costs, § 7.7(c)
bifurcation of corporate taxes § 11.2(b)(ii)
capital gains tax, § 11.2 (b)
capitalization of, § 7.7(c)
categories, § 7.7(b)(i)
costs to defend business, § 7.7(b)(iv)
deductible of, §§ 3.2(b)(iii), 7.7(b)(iv)
dominant aspect doctrine, § 7.7(b)(iii)
estate of individual, § 4.3(d)(ii)
final regulations, § 7.7(c)
in general, § 7.7(a)
Indopco, § 7.7(b)(iv)
institution and administration, § 7.7(b)(i)
interest, § 11.2 (b)(i)
investment banker fees, § 7.7(b)(iv)
limitations or deductions, § 7.7(c)
ordinary and necessary, § 7.7(b)(ii)
otherwise deductible standard, §§ 7.7(b)(i), 7.7(b)(iii)
penalties, §§ 10.3(i), 11.2 (b)(i)
Placid Oil, § 7.7(b)(ii)
postpetition property taxes, § 11.2 (b)
priority claims, §§ 1.2(d)(ii), 1.2(e), 11.2(b)
reported on return, § 4.5
unlisted attributes, § 4.3(c)(iii)
Affiliate corporations. See Consolidated group
Aggregate under section 338, § 7.5(i)
Alternative Minimum Taxable Income (AMTI), §§ 2.7(d), 2.7(e)
American Job Creation Act of 2004, §§ 5.2(g), 7.3(a), 7.3(e), 7.4(e)
Antiabuse under section 382(l)(6), § 6.4(g)(iii)(B)
Anti-stuffing, § 6.4(f)(iii)
Asset acquisitions
A reorganizations: merger or consolidation, § 5.4(a)(i)
acquisitive D reorganizations, § 5.4(a)(iv)
C reorganizations, § 5.4(a)(ii)
distribution to creditors, § 5.4(a)(ii)(D)
illustrations, §§ 5.4(a)(i), 5.4(a)(iii)
liquidation, § 5.4(a)(ii)(C)
“substantially all,” § 5.4(a)(ii)(B)
triangular asset acquisitions, § 5.4(a)(iii)
under section 362, § 7.4(e)
Asset continuity, § 5.2(c)
Asset disposed
under section 336(e), § 7.4(f)
under section 338, § 7.5(f)
Assets, nonbusiness, held after ownership change, § 6.4(f)(ii)
Assignment for benefit of creditors, § 1.2(b)
Attribute carryover
debtor, § 4.4(d)
timing to estate, § 4.3(c)
Attribute carryover to estate, debtor, § 4.4(c)
Attribute reduction,
allocation to passive activities, §3.2(g)(i)
AMTI, § 2.7(e)
basis reduction, § 2.7(d)
character of debt, § 3.2(g)
comparison with basis reduction, § 2.7(a)
consolidated tax return, § 2.10(a)(ii)(A)
credit carryover, § 2.7(c)
net operation loss, § 2.7(b)
partnership, § 3.2(f)
S corporation, § 3.3(c)
section 108(A) exclusion, § 2.7(a)
single-entity versus separate-member, § 2.10(a)(ii)
Automatic stay, § 1.2(d)(i)
after discharge, § 10.3(j)
application to nonfiling partner, § 10.3(j)
determination of taxes, § 10.3(j)
does not preclude, § 10.3(j)
individual separate from estate, § 4.4(f)
removal denied for 100 percent penalty, § 11.2(f)
unpaid taxes, § 10.3(j)
voluntarily taxing authorities, § 10.3(j)
B reorganizations, §§ 5.1(c), 5.4(a)(iv)(E), 5.4(a)(ii)(A), 5.5(a)(i), 5.5(a)(ii), 5.5(a)(iii), 5.5(b), 5.5(b)(ii), 5.7(c)(iii)
B reorganizations, parenthetical, §§ 5.5(a)(i), 5.5(a)(ii), 5.5(a)(iii), 5.8(a)(iv)
tax court proceeding, § 4.4(f)
Bacon, §§ 11.2(b), 12.2(e)(i)(C), 11.3(c)
Bad debt
business, §§ 9.3(b), 9.4(g)
business motive, § 9.3(d)
business under section 166, § 9.4(i)
cash-basis taxpayer, § 9.4(i)
financial institutions, § 9.4(i)
general provisions, § 9.3(a)
individual, § 9.3(b)
nonbusiness, §§ 9.2(b), 9.4(i)
partnership, § 9.3(b)
reduction, § 7.4(e)
Bankruptcy, indication of worthlessness, § 9.4(i)
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (2005 Bankruptcy Act), §§ 1.2(d)(iv), 8.1, 8.2(b)(iv), 8.2(c), 8.4(a), 8.5(a), 8.7, 10.3(b)(ii), 10.3(d), 10.3(e)(i), 10.3(ii), 11.2(e), 11.1(m), 11.3(b)(i), 11.3(b)(vii), 11.3(b)(viii)(E), 11.3(b)(viii)(F), 11.3(c), 12.2(b), 12.3(e), 12.3(f)
Bankruptcy court
accounting for, § 4.3(a)
awarding attorney’s fees, § 10.4(b)
jurisdiction, § 10.4(a)
proceedings, § 1.2(c)
responsibility to file tax returns, §§ 4.2(a), 4.2(b)
sole agency rule, § 10.4(c)
trustee, § 4.2(c)
Bankruptcy estate
abandonment of proceeds, § 4.3(k)
abandonment of property, § 4.3(j)
abandonment to creditor, § 4.3(j)(iv)
accounting period, § 4.3(c)(iv)
accounting period, change of, § 4.3(g)
accrued expenses, § 4.3(e)(i)
administrative expenses, § 4.3(e)(ii)
credits, § 4.3(e)
deductions, § 4.3(e)
distributions, § 4.3(i)
employment taxes, § 4.3(e)
income, § 4.3(d)
method of taxation, state and local, § 8.1
net operating loss carryback, § 8.5
net operating loss carryover, state and local, § 8.5
separate estate, state and local taxes, § 8.2(b)(i)
short tax year, state and local, § 8.2(b)(iii)
tax liability, § 4.3(h)
tax planning, §§ 4.3(d), 4.5
tax refund, § 12.3(b)
Bailout relief under section 382, testing date for change of ownership, § 6.4(d)(vii)
Bankruptcy filing
advantage, § 1.2(a)(iv)
disadvantage, § 1.2(a)(iv)
solely for tax intent, § 11.2(n)
Bankruptcy and Insolvency Accounting, § 1.1(b)
Bankruptcy proceedings, § 1.2(d)
Bankruptcy Tax Act, §§ 1.1(a), 1.1(b)
Bankruptcy Tax Act of 1980, §§ 1.1(a), 2.1, 2.2, 2.3(a)(v), 2.4(a)(i), 2.5(b), 2.6(b), 2.7(b)(i), 2.7(d)(iii), 3.2(a), 3.2(c)(iii)(A), 3.2(d), 3.2(e)(i), 3.2(g)(i), 3.2(j), 4.1, 4.2(a), 4.3(e), 4.4(a), 4.4(e), 6.2(b)(i), 6.3(b), 7.2(b), 7.3(c), 8.1, 10.3(e)
Banks, §§ 2.10(a), 9.3(g)
Basis adjustment to forward triangular merger, § 5.5(b)(ii)
Basis redetermination §6.9(e)(ii)
Basis reduction, §§ 2.7(c), 2.7(d)(i)
comparison with attribute reduction, § 2.7(d)(iv)
depreciable property held by corporation, § 2.7(d)(ii)(F)
depreciable property held by partnership, § 2.7(d)(ii)(E)
election, §§ 2.7(d)(i), 2.7(d)(ii)(B)
election procedures, § 2.7(d)(i)(A)
Form 982: Reduction of Tax Attributes, § 2.7(d)(i)(A)
individual’s estate, § 2.7(d)(i)(B)
multiple debt discharges, § 2.7(d)(ii)(G)
qualified farm indebtedness, § 2.7(d)(ii)(C)
qualified real property business indebtedness, § 2.7(d)(ii)(D)
recapture provisions, § 2.7(d)(ii)(H)
rules, § 2.7(d)(ii)
tax-free asset transfers, § 2.7(d)(iii)
Bean, § 10.3(n)
Berenson, §§ 4.3(c)(iv), 4.4(a)(ii)
Berkowitz, §§ 6.2(d) , 6.7a(i)
Best-interest-of-creditors test, § 1.2(f)(v)
Bifurcation, corporate taxes, § 11.2(b)(ii)
Billinger, §§ 11.2(b), 12.2(e)(i)(C), 11.3(c)
Bittker, §§ 3.3(h), 5.2(g), 6.2(b)(1), 6.2(c), 6.7(a)(i)
Black’s Law Dictionary, § 4.3(j)(iv)
Blanchard, §§ 2.10(a), 2.10(a)(iv)(A)
Bloom, § 7.4(e)
Boot, §§ 5.2(d), 5.2(g)
Briskin, § 9.3(g)
Broadbent, §§ 2.10(a), 2.10(a)(iv)(A)
Brown, §§ 6.2(d), 6.7(a)(i)
Built-in gains, section 384 limitations, § 6.6(d)
Built-in gains and losses, § 6.4(c)
defined, § 6.4(h)(i)
Built-in losses
overlap rule, § 6.9(d)
precludes loss recognition or liquidation, § 7.4(b)
property, §§ 7.3(e), 7.4(e)
Business continuity, § 5.2(c)
Business purposes, responsible, § 6.7(a)(i)
C reorganizations, §§ 5.1(c), 5.2(d), 5.3, 5.4(b)(i), 5.5(a)(i), 6.2(d), 6.6(c)
Caldwell, § 10.3(e)
section 382 limitations, § 6.4(f)(iii)
California Franchise Tax Board § 12.3(e)(i)(C)
California, state Board of Equalization, § 12.3(e)(i)(C)
California, State of, § 12.3(e)
Capital contribution and stock-for-debt, § 2.4(c)(ii)(B)
Capital contribution exception, §§ 2.4(b), 2.4(b)(iii), 2.4(c)(ii)
Capital contributions, section 382 limitations, § 6.4(f)(iii)
Capital gain, allocating mid-year ownership change, § 6.4(c)
Capital loss
carryover to debtor, § 4.4(d)
carryover to estate, § 4.3(c)
Capital loss carryover, section 383 adjustments, § 6.5(a)
Capital partnership, abandonment, § 3.2(k)
Carryovers other than net operating loss, § 6.5
Cash-basis taxpayer, bad debt losses, § 9.4(i)(ii)
Casualty, § 9.2(a)
CD withdrawal penalty, § 2.3(a)(i)
Chapter XI, §§1.2(f), 4.2(a)
Chapter XII, § 4.2(a)
Chapter 7, §§1.1, 1.2(c), 1.2(d), 1.2(d)(iii), 1.2(h), 2.6(a), 3.6.1, 6.1, 7.8(b)
Chapter 7 liquidation
preference requirement, § 12.2(b)
process, § 1.2(e)
separate estate, § 8.2(b))
tax liens, § 12.3(f)
Chapter 7 trustee, § 1.2(i)
Chapter 11
advantages, §§ 1.1(a), 1.2(d)(iii), 1.2(f)(vii)
tax liens, § 12.3(g)
Chapter 11 plan
discharge of debt, § 11.3(c)
interest rate on tax claim, § 11.2(m)
prenegotiated, § 1.2(f)(viii)
prepackaged, § 1.2(f)(viii)
structuring for tax benefits, § 6.4(g)(ii)(B)
Chapter 11 reorganizations
creditors’ committee, § 1.2(f)(i)
disclosure statement, § 1.2(f)(iii)
operation of business, § 1.2(f)(ii)
plan provisions for tax, § 11.2(m)
purpose, § 1.2(f)
Chapter 12, §§ 1.1(a), 1.2(c), 1.2(d)(iii), 1.2(g), 4.2(a), 4.3(a), 4.3(e)(ii), 4.4(a)
tax provisions in plan, § 11.2(o)
Chapter 13, §§ 1.1(a), 1.2(c), 1.2(d)(iii), 1.2(g), 1.2(h), 4.2(b), 4.3(a), 4.3(j)(i)(B), 4.4(f)
nature, § 1.2(h)
operation of business, § 1.2(h)(i)
plan, §1.2(h)(ii)
projected disposal income, § 1.2(h)(ii)
tax discharge, § 11.3(b)(vii)
tax provisions in plan, § 11.2(o)
Chapter 15, § 1.2(c)
Charitable contribution
carryover to debtor, § 4.4(d)
carryover to estate, § 4.3(c)
Clerk, district court, provide addresses of all tax authorities, § 10.3(a)(ii)
COD income, § 2.2. See also Discharge of indebtedness income
Colorado, § 12.3(b)
Commodity Credit Corp. (CCC), § 2.6(c)
Consistency rules, § 7.5(f)
Consolidated group
bad debt deduction, § 9.3(g)
discharge of indebtedness income, § 9.3(g)
loss disallowance rule, § 9.3(g)
test required, § 9.3(g)
Consolidated return
application of section 382, § 6.9(c)(i)
application of section 384, § 6.9(f)
basis determination, § 6.9(e)(i)
combined group approach, § 6.9(f)
consolidated group as a single entity, § 6.9(c)(ii)
disposition of subsidiary stock, § 6.9(e)(i)
limitation on use of net operating loss of subsidiary, § 6.9(e)(i)
loss suspension regime, § 6.9(e)(i)
net operating loss rules, § 6.9(b)
overlap rule, § 6.9(d)
references, § 6.9(d)
state and local, § 8.5(d)
statement identifying amount of allowed loss, § 6.9(e)(i)
Consolidated tax return, § 2.10
excess loss account (ELA), § 2.10(a)(iii)
intercompany obligation rules, § 2.10(a)(iv)(B)
reduction of tax attributes, § 2.10(a)(ii)(A)
stock basis adjustments/ELAs, § 2.10(a)(iii)
treatment of discharge of indebtedness, § 2.10(a)
Contested liability doctrine, § 2.3(a)(vi)
Contingent shares, § 5.2(f)
Continuity of business enterprise (COBE), §§ 5.2(c), 5.8(b)(iii), 6.4(g)(iii)(C)
application of step transactions, § 5.2(c)
drop-down of assets, § 5.2(c)
section 382 applications, § 6.4(f)(iv)
section 382 limitation, § 6.4(f)(i)
section 382(l)(5), § 6.4(g)(ii)(C)
significant assets, § 5.2(c)
use of partnerships, § 5.2(c)
Continuity of interest (COI), § 5.8(b)(iv)
nonstock consideration or “boot,” § 5.2(d)
ownership, § 5.2(d)
percent, § 5.2(d)
related persons, § 5.2(d)
Contribution to capital, § 2.4(b)
Control, § 5.5(a)(iii)
application to section 269, § 6.7(a)(i)
definition of, §7.3(a)
ownership charge, reduction, § 6.7(a)(i)
Control means, § 5.4(a)(iv)(D)
Control tests, §§ 5.2(e), 6.4(e)(vii)(B)
Corn Products doctrine, § 9.3(e)
Corporate contraction, § 6.4(f)(iv)
Covered transactions, § 7.8(c)
Credit carryovers
to debtor, § 4.4(d)
estate, § 4.3(c)
partnership, § 3.2(f)
Creditors’ committee, §§ 1.2(a)(i), 1.2(a)(i)(A), 1.2(f)(i), 1.2(i)
2004 bankruptcy amendments, § 1.2(f)(i)
appointment, § 1.2(i)
duties of, § 1.2(a)(i)(A)
Creeping control in B, § 5.5(b)(i)
Cross-border insolvency, § 1.2(c)
Csontos, § 4.3(b)
Culp, § 6.1
D reorganizations, §§ 5.1(c), 5.2(c), 5.2(e), 5.2(f), 5.4(a)(iv), 5.6(b), 5.8(a)(ii), 5.8(b)(iii), 5.8(b)(vi), 6.6(c)
D’Avino, §§ 5.7(c), 5.7(c)(ix)
Death claims, from operation of motor vehicle, § 1.2(d)(ii)
under the influence, § 1.2(d)(ii)
Debt
character of partnership, § 3.2(g)
contributed to capital, § 2.4(b)
DOI, § 2.4(b)(ii)
form over substance, § 2.4(b)(ii)
I.R.C. section 351, § 2.4(b)(ii)(A)
discharge of, § 1.2(d)(iii)
from filing second petition, § 1.2(d)(iii)
exchange of debt for partnership interest, §§ 3.2(c)(iv), 3.2(j)
partnership, exchange partnership intent, §§ 3.2(c)(iii), 3.2(c)(iv)
partnership, modification terms, § 3.2(c)(i)
partnership, reduction of principal, § 3.2(c)(i)
reacquisition of, § 2.8
repurchase of, § 2.3(a)(iii)
transfer of, § 2.3(a)(iii)
significant modification, § 2.4(d)(iii)
treat a partnership interest, § 3.2(h)
Debt for debt
creditors impact exchange, § 9.6(a)
nonsecurity, § 9.6(a)(i)
public vs. nonpublic, § 2.4(d)(ii)
security, § 9.6(a)(ii)
Debt/equity determination, factors to consider, §§ 7.6(a), 7.6(b)
Debt or equity
affiliate corporation, § 9.3(g)
business motive, § 9.3(d)
factors to consider, § 9.3(c)
general provisions, § 9.3(c)
Debt modification, § 2.4(d)(ii)(A)
purchase price reduction, § 2.5(b),
Debt partnership, cancellation of real property business indebtedness, § 3.2(c)(iii)(A)
Debtor
estimated payments, § 4.4(b)
individual taxable year, § 4.4(a)
tax determination, § 10.3(a)
tax refund, § 4.4(b)
Declaratory Judgment Act, § 10.3(d)
Deductions, estate, § 4.4(c)
Deed in lieu of foreclosure, § 9.5(d)
Deemed liquidation, §§ 7.5(h)(iii), 7.5(q)
Deemed payment, § 2.4(b)(ii)
Depreciable property
comparison with attribute reduction, §§ 2.7(d)(i), 2.7(d)(ii)(B), 2.7(d)(ii)(F), 2.7(d)(iv)
consolidate group election, §§ 2.7(d)(ii)(F), 2.10(a)
election to reduce, §§ 2.7(d)(i), 2.7(d)(ii)(E)
election to reduce by partnership, § 2.7(d)(ii)(E)
Determining value under I.R.C. section 382(l)(6)
antiabuse rules value of stock, § 6.4(g)(iii)(B)
Disaster losses, § 9.2(a)
Discharge of debts, § 1.2(d)(iii)
chapter 11, § 1.2(f)(vi)
Discharge of indebtedness income
acquisition by related party, § 2.4(a)(ii)(B)(2)
allocation to individual partners, § 3.2(e)(ii)
allocation between principal and interest, § 2.4(b)(i)
bifurcation between capital contribution and stock for debt, § 2.4(c)(ii)(B)
capital contribution exception, § 2.4(b)
community property, § 3.2(e)(i)
compensation of employees, § 2.3(a)(iv)
conditions, § 2.2
consolidated tax return, § 2.10(a)(ii)(A)
contested liability, § 2.3(a)(vi)
debt cancellation, § 3.2(d)
debt for debt, § 2.4(d)
debt modification, § 2.4(d)(ii)
deferral and ratable inclusion, § 2.8
statutory provisions, § 2.8(b)
defined, §§ 2.3(a), 2.3(a)(i), 2.3(b)
determination of debtor, 2.3(c)
direct acquisition by related party, § 2.4(a)(ii)(A)
discharge partnership debt, § 3.2(e)(iii)
employees, § 2.3(a)(iv)
exchange of debt for partnership interest, § 3.2(c)(iv)
exclusions, §§ 2.5, 2.5(c), 2.6
guarantor, § 2.3(a)(iv)
identity of the debtor, § 2.3(c)
income other than, § 2.3(a)(iv)
indirect acquisition by related party, § 2.4(a)(ii)(B)
insolvency exclusion, § 2.6(b)
non–publicly traded debt, § 2.4(d)(ii)
nonrecognition transactions, § 2.4(a)(ii)(B)(1)
nonrecourse, § 2.3(a)(ii)
occurrence of, § 2.3(d)
otherwise deductible, §2.5
partner-level impact, § 3.2(e)
partnership impact, § 3.2(d)
partnerships, § 3.2(b)(i)
passive activity, § 3.2(g)(i)
payment for services, § 2.3(a)(iv)
publicly traded debt, § 2.4(d)(ii)
qualified real property business indebtedness, § 2.6(d)
recession for a more favorable form, § 2.4(c)(iii)
recourse, § 2.3(a)(ii)
related party, § 2.4(a)
reporting by partners, § 3.2(e)(i)
reporting requirements for creditors, § 2.11(a)
reporting requirement exceptions, § 2.11(a)(iv)
repurchase of debt, § 2.3(a)(iii)
requirements for debtors, § 2.11(b)
S corporations, §§ 3.3, § 3.3(d), 3.3(e)
shareholder, § 2.3(a)(iv)
state and local, § 8.4
stock for debt, § 2.4(c)
subsidiary, § 2.4(b)
subtractions from, § 2.5
tax benefit, § 2.3(a)(vi)
tax benefit rule, § 2.6(e)
timing, § 2.6(b)(iii)
title 11 exclusion, § 2.6(a)
transfer of debt, § 2.3(a)(iii)
Disclosure statement, § 1.2(f)(iii)
income tax impact, § 1.2(f)(iii)
Disregarded entities, § 2.4(d)(iii)(D)
Dissolution, § 5.4(a)(ii)(C)
District director, use of, § 10.2(a)
Divisive reorganizations, § 5.7
business purpose, § 5.7(c)(vii)
conduct of a trade or business, § 5.7(c)(iii)
continuity of interest, § 5.7(c)(v)
control, § 5.7(c)(i)
device requirement, § 5.7(c)(viii)
disqualified distribution, § 5.7(c)(vi)
distribution of control, § 5.7(c)(ii)
five-year history, § 5.7(c)(iv)
requirements, § 5.7(c)
types, § 5.7(b)
DOI. See Discharge of indebtedness income
Domestic supply obligations, § 1.2(d)(ii)
Drops, § 5.5(b)(iii)
Dubroff, §§ 2.10(a), 2.10(a)(iv)(A)
Duvall, §§ 2.10(a), 2.10(a)(iv)(A)
E reorganizations, §§ 5.1(c), 5.2(a), 5.2(c), 5.6(a), 5.8(a)(iv), 5.8(b)(vi), 6.4(e)(iii)(B)
Earnings and profits, § 7.2
account adjustment, § 7.2(b)
prior law, § 7.2(b)(i)
discharge of indebtedness, § 7.2(b)(ii)
discharge of indebtedness income, § 7.2(b)(iii)
stockholder interest terminated, § 7.2(b)(ii)
tax attribute reduction, § 7.2(b)(iii)
Economic Recovery Tax Act of 1981, §§ 5.8(a)(i), 9.4(b)
Economic substance
doctrine, § 7.7(c)
lacking, § 7.7(c)
Emergency Economic Stabilization Act of 2008, §§ 6.4(d)(vii)(A), 6.4(d)(vii)(E), 6.4(d)(vii)(G), 6.4(d)(vii)(I)
Employee Retirement Income Security Act (ERISA), § 12.3(b)
Employer’s taxes, priority taxes, § 11.2(e)(iv)
Enforcement Act of 1989, § 5.8(a)(i)
Environmental liability, property abandonment, § 4.3(j)(i)(A)
Equity structure shift, § 6.4(d)(iv)
Escrowed stock, § 5.2(f)
Estimated tax payments, individual bankruptcy, § 4.4(b)
Estimated taxes, recovery, § 10.5(a)
Eustice, §§ 3.3(d), 3.3(h), 5.2(g), 6.2(b)(i), 6.2(c), 6.7(a)(iii), 7.2(b), 7.3(b)
Excess loss account (ELA), § 2.10(a)(iii)
Excise taxes, priority taxes, § 11.2(e)(v)
Exempt property, lien on, § 12.3(h)(i)
Extraordinary items, § 6.4(c)
F reorganizations, §§ 2.4(d)(iii)(B)(3), 5.1(c), 5.6(b), 5.8(a)(iv)
Fair market value, §§ 6.3(c), 6.4(b)(ii), 6.4(e)(vi), 6.4(e)(vii), 6.4(e)(viii)(D), 6.4(f)(ii), 6.4(h)(i), 6.4(h)(ii)(C), 6.6(a), 6.9(e)(ii), 6.9(e)(iii), 7.3(a), 7.3(c), 7.3(e), 7.4(e), 7.5, 7.5(b), 7.5(e), 7.5(h)(i)
Farmers, §§ 1.2(g), 2.6(c), 3.2(c)(iii), 4.3(a)
Feasibility of plan, § 1.2(f)(v)
Federal Assignment of Claims Act (Claims Act), § 10.3(l)
Federal Bureau of Investigation, § 10.3(k)
Federal Communications Commission, § 6.4(e)(vi)
Federal Insurance Contributions Act (FICA), §§ 11.2(b), 12.3(e), 12.3(h)
Federal Judgeship Act of 1984, § 12.2(c)
Federal Rules of Bankruptcy Procedure § 7004(b)(4), § 10.3(d)
Federal Rules of Bankruptcy Procedure § 9006, § 11.3(b)(ii)
Federal Rules of Civil Procedure
15(c)(2), § 10.3(b)(iii)
60(a), § 10.3(o)
60(b)(1), § 10.3(e)(ii)
Federal Unemployment Tax Act (FUTA), § 11.3(b)(vii), 11.3(b)(viii)(A)
FICA taxes, priority of, § 11.2(e)(iii)
FDIC, § 2.5(b)
Financial institutions, bad debt charges, § 9.4(i)
Financially troubled business, §§ 1.2
Florida, § 12.3(i)
FMV. See Fair market value
Fold-in rules, § 6.9(c)(i)
Foreclosure, § 2.9(c)
deed in lieu, § 9.5(d)
Foreign exchange gain, § 2.3(a)(i)
Form 1040, § 4.3(b)
Form 1041, § 4.3(b)
Form 1120S, § 10.3(a)(i)
Form 4852, § 4.2(b)
Form 8023, § 7.5(i)
Form W-2, § 4.3(b)
Forward merger, § 5.5(b)(iv)
Forward triangular merger, § 5.4(a)(iii)
Freeing-of-assets theory, § 2.3(a)(iii)
G reorganizations, §§ 1.1(b), 2.7(d)(iii), 3.3(h), 5.1(c), 5.2(c), 5.3, 6.1(b)(ii), 6.1(d), 7.7(c), 9.6(a)(ii)
dominance of, § 5.8(b)(vi)
financial institutions, § 5.8(c)
purpose, § 5.8(b)(i)
tax treatment, § 5.8(b)(vii)
transfer of assets, § 5.8(b)(ii)
Gain on sale of residence
exclusion to debtor, § 4.4(d)
exclusion to estate, § 4.3(c)
Gardner, § 6.2(b)
General Counsel Memorandum 39225, § 2.4(d)(iii)
General Utilities doctrine, §§ 6.9(e), 7.4(a), 7.4(e), 7.4(f), 7.5(f)
Gesture doctrine, § 2.4(c)(ii)(A)
Growth Relief Reconciliation Act of 2003, § 7.2(a)
Handler, §§ 9.4(a), 9.5(d)
Health Care and Education Reconciliation Act of 2010, § 7.7(c)
Hennessey, § 2.10(a)
Honecker, §§ 4.3(c)(iv), 4.4(a)(ii)
Hostile takeover, § 7.8(c)
Housing and Economic Recovery Act of 2008, § 6.4(d)(vii)(A)
Identification numbers, block of tax, § 4.3(a)
Income and deductions, estate, § 4.4(c)
Income discharge of indebtedness, partnership, § 3.2(a)
Income taxes
assessed within 240 days, § 11.2(e)(i)(B)
bankruptcy estate, § 4.2(a)
priority, § 11(e)(i)
tax assessable, § 11.2(e)(i)(C)
three-year period priority, § 11.2(e)(i)(A)
Income test, § 6.4(e)(vii)(C)
Incorporation
no recognition of gain or loss, § 7.3(a)
section 351, §7.3(a)
Indopco regulations, § 7.8(c)
Insolvency, worthlessness of security, § 9.4(e)
Insolvency defined for discharge of indebtedness, § 2.6(b)
Insolvency reorganizations
coupled with recapitalizations, § 5.8(a)(iii)
out of court, §§ 5.5(a)(ii), 5.8
Intercompany obligation rules, § 2.10(a)(iv)
postpetition and preconfirmation, § 11.3(b)(viii)
Interest expense
accruing, § 11.2(i)
paid by guarantor, § 11.2(k)
postpetition on secured claims, §§ 11.2(b)(i), 11.2(h)(i)
priority, § 11.2(h)
receivable from IRS, § 11.2(j)
Interest on tax claim
discharge, § 11.3(b)(viii)
Internal Revenue Code of 1986, §§ 8.2(b)(i), 8.2(b)(iv), 8.4
Internal Revenue Service. See IRS
Internal Revenue Service Restructuring and Reform Act of 1998, §§ 7.3(d), 10.1
Investment banker fees, § 7.7(b)(iv)
Involuntary gap claims, § 11.2(c)
IRS
circular E, employer’s tax guide, § 4.3(b)
guidelines, for means test, § 1.2(e)(ii)
IRS Announcement 81-96, § 4.3(b)
IRS forms
Form 23-C, §§ 11.2(e)(i)(B), 12.3(b)
Form 433-A, § 10.3(n)
Form 433-B, § 10.3(n)
Form 433-D, § 11.3(b)(vi)
Form 656, § 10.3(n)
Form 668, § 12.3(b)
Form 870, §§ 11.3(b), 11.3(b)(i)
Form 870-P, § 10.3(o)
Form 872-A, § 11.2(e)(i)(B)(1), 11.2(e)(i)(C)
Form 941, §§ 4.3(b), 11.2(e)(iii), 11.2(e)(iv)
Form 982, § 2.10(b)
Form 1040, §§ 4.3(e)(ii), 4.5, 11.3(b)(i), 11.3(b)(viii)(E)
Form 1041, §§ 4.3(e)(ii), 4.5
Form 1099, § 11.3(b)(viii)(A)
Form 1099-G, § 10.3(j)
Form 1120, § 10.5(b)
Form 1120S, § 10.3(a)(i)
Form 1139, § 10.5(b)
Form 2750, § 11.2(e)(i)(C)
Form 4340, § 12.3(b)
Form 4466, § 10.5(a)
Form 8883, § 7.5(i)
IRS Guidelines, local standards for means test, § 1.2(e)(ii)
IRS Policy Statement P-5-60, § 11.2(f)
Kashlinskaya, § 6.4(d)(vii)
Kentucky, § 12.3(e)
Klee, §§ 4.3(e)(i), 4.4(e)
K-Mart, § 1.2(f)(i)
Libson Shops doctrine, §§ 6.1, 6.8(a)
Limited liability company (LLC), §§ 11.2(g), 11.3(b)(viii)(E)
Limited liability corporation, separate estate, § 7.6
Liquerman, §§ 2.4(b)(ii), 6.4(d)(vii)
Liquidating trusts
advance rulings, § 7.8(b)
grantor trust, § 7.8(b)
recognition of gain or loss, § 7.8(b)
Liquidation, § 5.4(a)(ii)(D)
chapter 7, § 1.2(e)
controlled subsidiary, § 6.2(b)(i)
deemed, §§ 7.4(e), 7.5(g)
distribution to related parties, § 7.4(b)
loss reduction rules, § 7.4(d)
S corporation, §§ 3.3(i), 7.4(f)
subsidiary, §§ 6.2(b)(i), 7.4(e)
trusts, see Liquidating trusts
under section 332, § 7.4(e)
under section 336, § 7.5(g)
under section 337, § 7.5(g)
Liquidation sales, taxes on, § 11.2(q)
Listing of tax authorities, § 10.3(b)(v)
Loan guarantees, loss deduction, § 9.2(b)
Local taxes, § 2.9. See also State and local taxes
Long-term tax-exempt rate, § 6.4(b)(iii)
Loss corporation, value of, § 6.5(b)(ii)
capital contributions, § 6.4(f)(iii)
redemptions and other corporate contractions, § 6.4(f)(iv)
under I.R.C. section 382(l)(6), § 6.4(g)(iii)(B)
Loss disallowance rules, § 6.9(e)(i)
Losses from at-risk activities
unused to debtor, § 4.4(d)
unused to estate, § 4.3(c)
Lynch, § 6.7(a)(i)
Madoff, § 4.3(j)(i)(B)
Malek, §§ 3.2(c)(ii), 3.2(l)
Massachusetts, §§ 11.2(f)(i), 12.3(b)
Mathias, § 3.3(l)
Maynes, § 3.2(c)(ii)
Meaningless gesture doctrine, § 2.4(ii)(A)
Means test, §§ 1.1, 1.2(e), 1.2(e)(ii), 2.4(ii)(A)
chapter 13, § 1.2(e)(ii)
deductions, § 1.2(e)(i)
income, § 1.2(e)(i)
national standards, § 1.2(e)(ii)
Method accounting
carryover to estate, § 4.3(c)
individual, § 4.4(d)(i)
Minimization of tax, § 10.5
Modification of debt instrument, § 2.4(d)(iii)
Natbony, §§ 9.2(a), 9.3(e), 9.3(h), 9.4(c), 9.4(d)
National Bankruptcy Review Commission (NBRC), § 11.2(m)
Neill, §§ 8.5(c), 8.5(d), 8.5(e)
Net operating loss
administrative expenses, § 4.3(d)(ii)
bankruptcy estate, § 4.3(f)
carryover, § 6.2(c)
carryover, for state and local purposes, § 8.5
carryover to debtor, § 4.4(d)
loss due to change of ownership postbankruptcy, § 6.4(g)(ii)(B)
preservation of, § 6.1
reduction under section 382(l)(5), § 6.4(g)(ii)(A)
transfer in business acquisition, § 6.2(d)
Net operating loss, use of
application of Libson Shops doctrine, § 6.8(a)
bankruptcy rules, § 6.4(g)
built-in gains, § 6.4(h)(i)
built-in losses, § 6.4(h)(i)
consolidated return rules, § 6.9(b)
controlled subsidiary liquidation, § 6.2(b)(i)
items of income or deduction, § 6.4(h)(ii)
limitations on carryover, § 6.2(e)
mid-year ownership changes, § 6.4(c)
postacquisition offset, § 6.2(d)
prior section 382, § 6.3
qualifying acquisition, § 6.2(b)
reorganizations, § 6.2(b)(ii)
section 269 limitation, § 6.7(a)(iv)
section 382(l)(5), § 6.4(g)(ii)(A)
section 382(l)(6), § 6.4(g)(iii)(A)
section 382 limitation, § 6.4(b)(i)
SRLY rules, § 6.9(b)
tax avoidance, 6.7(a)
value of the loss corporation, § 6.4(b)(ii)
Net operating loss reduction
attribute, § 2.7(b)(i)
carryover to estate, §§ 4.3(c), 4.3(c)(v)
election to waive, carryback denied, § 4.3(c)(v)
property of estate, § 4.3(c)(v)
New York, §§ 8.6(b), 12.3(b)
New York Stock Exchange, § 6.4(b)(ii)
Newton, §§ 1.1(b), 1.2(c), 2.6(b), 2.7(e), 9.4(g)
Next day rule under section 338, § 7.5(h)(iii)
Nonbusiness assets. See Assets, nonbusiness
Nonqualified preferred stock, § 7.3(d)
Nonrecourse debt, §§ 2.4(d)(ii)(A), 2.9(a)(i), 2.8(b)
determination of insolvency, § 2.6(b)(i)
discharge, § 2.9(b)
transfer of property to satisfy, § 2.9(a)(i)
Nonstock consideration, § 5.4(a)(ii)(A)
Notice, not to serve, tax determination, § 10.3(d)
Notice, proper
procedures, § 10.3(b)(v)
proof of claim, § 10.3(b)(v)
Notice 87-79, § 6.4(h)(ii)(B)
Notice 89-102, § 5.8(c)
Notice 2003-65, § 6.4(h)(ii)(C)
Notice to government agencies
bankruptcy exception, § 10.2(a)
chapter 7 debtor, § 10.3(a)
debtor, § 10.3(a)
exceptions, § 10.3(a)
form of notice, § 10.2(a)(i)
state tax claims, § 10.3(a)
waiver of federal sovereign immunity, § 10.3(a)
Novick, § 10.3(l)
Offers in compromise
Form 656, § 10.3(n)
impact of bankruptcy, §§ 10.3(n), 11.2(e)(i)(B)
impact of settlement, § 10.3(o)
insolvency tax, § 10.3(n)
tax priorities, § 11.2(e)(i)(B)
Office Memorandum 19866, § 10.3(o)
Ohio, § 12.3(b)
Omnibus Budget Reconciliation Act of 1987, § 7.4(e)
Omnibus Budget Reconciliation Act of 1990, § 2.7(e)
Omnibus Budget Reconciliation Act of 1993, §§ 3.2(c)(iii)(A), 6.4(g)(ii)(A)
One hundred percent withholding tax penalty, § 11.2(f)
nature, § 11.2(f)
secured status, § 11.2(f)
Operating, § 9.2(a)
Options
built-in loss under section 382(l)(6), § 6.4(h)(ii)(B)
impact on ownership change, §§ 6.4(e)(v), 6.4(e)(vi), 6.4(e)(vii)
section 382(1)(5) rules, § 6.4(g)(ii)(A)
Ordinary course of business, § 12.2(c)
Original issue discount, § 2.3(a)(iii)
as applied by IRS, § 2.3(a)(iii)
as applied in United States Steel, § 2.3(a)(iii)
Out of court settlements, §§ 1.1(a), 1.1(b), 1.2(a)
Ownership change, § 2.7(b)(iii)
5 percent shareholder rule, § 6.4(d)(i)
application of section 269, § 6.7(a)(v)
control test, § 6.4(e)(vii)(B)
defined, § 6.4(d)
equity structure shift, § 6.4(d)(iv)
exceptions, § 6.4(d)(ii)
income test, § 6.4(e)(vii)(C)
incorporations, § 6.4(d)(ii)
options, final regulations, § 6.4(e)(vii)
options, proposed regulations, § 6.4(e)(vi)
options impact, § 6.4(e)(v)
options and section 382, § 6.4(e)(vii)(D)
other transactions, § 6.4(d)(ii)
ownership test, § 6.4(e)(vii)(A)
public offerings, § 6.4(d)(ii)
public shareholders, § 6.4(e)
safe harbor, § 6.4(e)(vii)(D)
sale, § 6.4(d)
section 303 redemptions, § 6.4(d)(ii)
section 382(1)(5), § 6.4(g)(ii)(B)
segregation rules, § 6.4(e)
small issuance exception, § 6.4(e)(iii)(B)
split-offs, § 6.4(d)(ii)
stock defined, § 6.4(d)
subsequent treatment of options, § 6.4(e)(vii)(E)
test for, § 6.4(d)
Ownership test, § 6.4(e)(vii)(A)
Pari passu, §§ 5.7(c), 5.7(c)(ix)
Partnership
reduction interest, § 3.2(h)
tax determination letter, § 10.3(a)(i)
transfer of intent to, § 3.2(b)(ii)
Partnership consent statement, § 2.7(d)(ii)(E)
Partnership debt
tax consequences, § 3.2(e)(iii)
treated as nonrecourse over taxpayer objection, § 2.9(a)(i)(A)
Partnership interest
abandonment of, § 3.2(k)
property of estate, § 4.3(d)(i)
tax impact of transfer, § 3.2(l)
Partnership return, responsibility for filing, § 3.2(b)
Passive activity losses
carryover to debtor, § 4.4(d)
carryover to estate, § 4.3(c)(i)
unused to estate, § 4.3(c)
Patient Protection and Affordable Care Act, § 7.7(c)
Pellervo, § 2.10(a)
Penalties
nondischargeable, § 11.3(b)(iv)
postpetition, § 11.2(b)(i)
Pennsylvania, § 12.2(e)
Pension funding requirements, § 10.5(c)
Period, section 338, § 7.5(d)
Placid Oil Co., § 7.7(b)(ii)
Plan
acceptance of, § 1.2(a)(iii)
accepted, § 1.2(f)(v)
confirmation of, § 1.2(f)(v)
development, § 1.2(f)(iv)
nature, §§ 1.2(a)(ii)
permissible provisions, § 1.2(f)(iv)
prenegotiated, § 1.2(f)(vii)
prepackaged, § 1.2(f)(vii)
required processing, § 1.2(f)(iv)
settlement, § 1.2(a)(ii)
Plan of reorganization
confirmation, § 1.2(f)(v)
development, § 1.2(f)(iv)
prenegotiated, § 1.2(f)(viii)
prepackaged, § 1.2(f)(viii)
Plan of settlement
acceptance of, § 1.2(a)(iii)
nature of, § 1.2(a)(ii)
Postmerger loss, § 5.4(a)(i)
Preacquisition loss, section 384 application, § 6.6(b)
Preferences
against third party, § 1.2(d)
application of rules to taxes, § 12.2(c)
general, § 1.2(iv)(d)
ordinary business terms, § 1.2(d)
trust fund taxes, § 12.2(d)
Preferred stock
impact on liquidation, § 7.4(e)
made solvent, § 7.4(e)
vanilla, § 7.4(e)
Prepetition tax priority, § 11.2(e)
Prewett, §§ 5.7(c), 5.7(c)(ix)
Prior year taxes, extended time for payment, § 10.5(b)
Priorities, § 1.2(d)(ii)
for means test deduction, § 1.2(e)(ii)
general provisions, § 11.2(a)
tax, see Tax priorities
Property taxes, priority, § 11.2(e)(ii)
Proof of claim
burden of proof, § 10.3(b)(vii)
failure to attend hearing, § 10.3(b)(iv)
failure to file, § 11.3(b)(v)
failure to respond to objection, § 10.3(b)(iv)
filing requirements, § 10.3(b)(i)
priority taxes, § 10.3(b)(vi)
tax claim, time period, § 10.3(b)(vi)
timely filed, § 10.3(b)(ii)
Property
abandonment, § 2.9(d)
estate, § 4.3(d)(i)
exempt, § 4.3(c)(iii)
Property abandonment
avoidance of liability, § 4.3(j)(i)(A)
by estate, § 4.3(j)
proceeds, § 4.3(k)
to creditor, § 4.3(j)(iv)
Public Law 96-589, § 1.1(a)
Purchase price reduction, §§ 2.5(b),3.2(c), 3.2(c)(ii)
transactions not covered, § 2.5(b)
Push-ups, § 5.5(b)(iii)
Qualified business indebtedness, partnership interest, § 3.2(g)(i)
Qualified creditor, § 6.4(g)(ii)(A)
Qualified farm indebtedness, §§ 2.6(c), 2.7(d)(ii)(C)
discharge of, § 2.2
Qualified indebtedness, § 6.4(f)(ii)(A)
Qualified real property business indebtedness, § 2.7(d)(ii)(D)
discharge of, § 2.2
Qualified stock purchase, § 7.5(c)
section 338, § 7.5(h)(iv)
Raby, § 2.11(b)
Rainey, § 9.3(g)
Reacquisition of debt
American Recovery and Reinvestment Act of 2009, § 2.8
Revenue Procedure 2009-37, § 2.8(c)
Real property business indebtedness, § 3.2(c)(iii)(A)
Recapitalizations, § 5.6(a)
Recourse debt, §§ 2.3(a)(ii), 2.4(d)(iii)(A), 2.9(a)(ii)
property used to satisfy, § 2.9(a)(ii)
Reduction of deficit shareholders’ interest is terminated, § 7.2(b)(iv)
carryover, § 7.2(c)
Related parties, distribution in a liquidation, § 7.4(d)
Related party acquisition, § 5.2(d)
Reorganizations
business purpose, § 5.2(b)
continuity of business enterprise, § 5.2(c)
Reorganizations, elements common
contingent and escrowed shares, § 5.2(f)
continuity of interest, § 5.2(d)
control, § 5.2(e)
step transaction doctrine, § 5.2(g)
substance over form, § 5.2(g)
Reorganizations, single entity
E reorganizations, § 5.6(a)
Reorganizations, tax free, advantages, § 5.2(g)
Reorganization types
A mergers, § 5.1(c)
asset liquidations, § 5.1(c)
B reorganizations, § 5.1(c)
C reorganizations, § 5.1(c)
D reorganizations, § 5.1(c)
divisive reorganizations, § 5.1(c)
E reorganizations, § 5.1(c)
F reorganizations, § 5.1(c)
forward triangular mergers, § 5.1(c)
G reorganizations, § 5.1(c)
reverse triangular mergers, § 5.1(c)
single entity reorganizations, § 5.1(c)
stock acquisitions, § 5.1(c)
Res judicata doctrine, applied in bankruptcy, § 10.3(a)
Responsibility for filing corporate tax returns, § 7.8
no assets, § 7.8(a)
no income, § 7.8(a)
trustee, § 7.8(a)
Responsibility for filing tax returns, standard local, § 8.2(b)(iv)
Responsible person, § 11.2(f)(i)
Retiree benefits, § 1.2(f)(v)
Retirement plan, early withdrawal, § 11.2(g)
Revenue Reconciliation Act of 1990, §§ 2.4(d)(i), 12.3(b)
Reverse mergers, § 5.5(b)(iv)
Reverse triangular mergers, §§ 5.5(b), 7.5(h)(iv)
Revised Form 8023, § 7.5(i)
Rosen, § 11.3(b)(iv)
Ruez, §§ 8.5(c), 8.5(d), 8.5(e)
S corporation, § 3.3(f)
attribute reduction, § 3.3(f)
creation of bankruptcy estate, § 3.3(j)
debt of modifications and restructurings, § 3.3(g)
impact of termination, § 3.3(f)
reorganization under section 368, § 3.3(h)
section 338 election, §§ 7.4(f), 7.5(i)
shareholder bankruptcy impact, § 3.3(k)
shareholder guarantee impact, § 3.3(l)
tax determination letter, § 10.3(a)(i)
tax impact of liquidations, § 3.3(i)
under section 336(e), § 7.4(f)
S corporations’ stock
property of estate, § 4.3(d)(i)
basis due to guarantee, § 9.2(b)
Safe harbor, §§ 5.4(a)(ii)(B), 6.4(e)(vii)(D)
Sale of residence, carryover of gain to estate, § 4.3(c)(ii)
Schrag, William H., § 1.2(c)
Scranton, § 2.6(b)(ii)
Section 269
applicable transactions, § 6.7(a)(iv)
defined, § 6.7(a)(i)
partial allowance, § 6.7(a)(ii)
use of I.R.C. section 269, § 6.7(a)(iii)
Section 332 liquidation, § 7.4(e)
made solvent, § 7.4(e)
recognition of gain or loss, § 7.4(e)
Section 338
12-month acquisition period, § 7.5(d)
applicability of, § 7.5(b)
consistency rules, § 7.5(f)
election procedures, § 7.5(i)
elective recognition of gain or loss by target comparisons, § 7.5(g)
impact of a section 338(g) election, § 7.5(e)
qualified stock purchase, §§ 7.5(c), 7.5(h)(iv)
regulations, §7.5(h)(iii)
Section 351 transaction, § 7.3(a)
Section 382 limitation, § 6.4(f)
capital contributions, § 6.4(f)(iii)
continuity of business, § 6.4(f)(i)
Section 382(l)(5), § 6.4(g)(ii)
compared to 382(l)(6), § 6.4(g)(iv)
Section 382(l)(6), § 6.4(g)(iii)(B)
application under section 382(l)(6), § 6.4(g)(iii)(C)
compared to 382(l)(5), § 6.4(g)(iv)
continuity of business enterprise, § 6.4(g)(iii)(C)
Section 383 limitation
defined, § 6.5(a)
general business credits, § 6.5(a)
net capital loss carryovers, § 6.5(a)
Section 384
applicable acquisitions, § 6.6(c)
built-in gains, § 6.6(d)
loss of built-in gains, § 6.6(b)
loss with section 382, § 6.6(b)
Section 385
debt or equity treatment, § 7.6(a)
Section 1398 election, § 4.4(a)(i)
Secured debt
abandonment, § 9.5(d)
debtor personally liable, § 9.5(d)(i)
foreclosure, §§ 9.5(b), 9.5(d)
nonvendor purchase, § 9.5(b)(ii)
postpetition interest in chapter 13, § 11.2(h)(i)
postpetition interest on secured tax claim, § 11.2(h)(i)
tax consequences, § 9.5(a)
third-party purchase, § 9.5(b)(i)
vendor-mortgage reacquisition under section 1398, § 9.5(c)
voluntary conveyance, § 9.5(d)
Security losses
requirement, § 9.2(a)
small business exception, § 9.3(f)
timing of deduction, § 9.2(a)
worthless, completely, § 9.2(a)
Securities’ worthlessness
bankruptcy reorganization, § 9.4(g)
burden of proof, § 9.4(c)
contributions to capital, § 9.4(i)
future value, § 9.4(d)
identifiable event, § 9.4(d)(i)
insolvency, § 9.4(e)
liquidation proceedings, § 9.4(e)
liquidation value of security, § 9.4(d)
meaning of worthlessness, § 9.4(b)
out-of-court settlement, § 9.4(g)
steps to support, § 9.4(c)
subsequent events, § 9.4(h)
test of worthlessness, § 9.4(d)(i)
worthlessness, total, § 9.4(i)(iii)
Segregation, § 6.4(e)(vi)
options, final regulations, § 6.4(e)(vii)
options, proposed regulations, § 6.4(e)(vii)
Segregation rules, § 6.4(e)
options, § 6.4(e)(v)
small issuance exception, § 6.4(e)(iii)(B)
Seif, § 10.3(l)
Separate estate, §§ 4.2(b), 4.3(a)
Settlement, impact of, § 10.3(o)
Shareholder interest, tax impact on earnings and profits when shareholders’ interest terminated, § 7.2(b)(iv)
Shenfield, §§ 3.2(c)(ii), 10.3(e)
Sheppard, § 3.2(j)
Short tax year. See Taxable year
Singer, § 10.4(a)
Social security taxes, separate estate, § 4.3(b)
Sole agency rule, applications, § 10.4(c)
Solely for voting stock, § 5.5(a)(ii)
Spin-off, §§ 5.7(b), 5.7(d), 7.4(a)
Split-off, § 5.7(b)
Split-up, § 5.7(b)
SRLY rules, §§ 6.9(a), 6.9(b), 6.9(c)(ii), 6.9(d)
Stamp tax, state and local
exemption, § 8.6(d)
imposed on the purchaser, § 8.6(c)
liquidation sales, § 8.6(e)
under the plan, § 8.6(d)
State and local taxes, § 1.1(a)
bankruptcy code, §§ 8.1, 8.2(a)(i), 8.6(a), 8.6(b), 8.6(d), 6(e)
bankruptcy estate, § 8.2
basis reduction, § 8.2(a)(i)
consolidated groups, § 8.5(d)
income from debt discharge, § 8.4
net operating loss carryback, § 8.5(c)
net operating loss carryover, § 8.5(c)
short tax year, § 8.2(b)
stock for debt, § 8.3
tax attribute reduction, § 8.4
tax liens, § 12.3(c)
transfer of property to estate, § 8.(a)(i)
transfer to debtor, § 8.2(b)(iv)(4)(E)
Statutory lien, § 12.2(e)
priority outside bankruptcy, § 12.3 (d)
Statutory merger, § 5.4(a)(i)
Step transaction, § 3.2(g)(i)
Step transaction doctrine, § 5.2(c)
Stock acquisitions, § 5.5
illustrations, §§ 5.5(a)(ii), 5.5(b)
Stock for debt, §§ 2.4(c), 2.7(b)(iii)
bifurcation, part capital and part debt, § 2.4(b)(ii)(a)
overlap with capital contribution rules, § 2.4(b)(ii)
transfer of property for equity, § 2.4(b)(ii)(a)
Stock for stock
shareholder impact, § 9.6(b)
worthless stock deduction, § 9.6(b)
Subchapter S Revision Act of 1982, § 3.3(c)
Subsidiary stock, net operating loss, use of subsidiary, § 6.9(e)(i)
Substance over form, § 3.2(g)(i)
Substantially all, §§ 5.4(a)(ii)(B), 5.4(a)(iv)(B), 5.5(b)(iii), 5.8(b)(iii)
Sustained loss, § 9.2(a)
Target corporation, section 338(h)(10) election, § 7.5(g)
Tax allocation, interest and penalty, § 10.3(a)(ii)
Tax aspects of a plan
determination of, § 10.3(e)
dismissal of petition when returns not filed, § 10.3(g)
federal taxes, § 10.3(e)
state and local taxes, § 10.3(e)
trusts created in chapter 11, § 10.3(h)
Tax assessable, priority taxes, § 11.2(e)(i)(C)
Tax authorities, posting of addresses, § 10.3(b)(iv)
Tax avoidance, § 5.2(b)
dismissed of petition, § 10.4(d)
examples, § 6.7(a)(ii)
section 269, § 6.7(a)
use of section 269, § 6.7(a)(iii)
Tax benefit rule, §§ 2.3(a)(vi), 2.6(e)
contractual liability for interest deductible, § 2.6(e)
Tax Court Rule
34(b)(4), § 11.3(b)
142(a), § 10.3(b)(vii)
Tax determination
ad valorem tax, § 10.3(a)(ii)
assignment of, § 10.3(l)
effect of the automatic stay, § 10.3(j)
pre- and postpetition taxes, § 11.2(b)
proof of claim, § 10.3(b)
recovery from secured creditor, § 12.3(e)
tax liability, § 10.3(a)
tax refund, § 10.3(c)
unpaid tax, § 10.3(d)
Tax discharge
chapter 13, § 11.3(b)(vii)
corporate debtors in chapter 7, § 11.3(c)
corporate debtors in chapter 11, § 11.3(c)
failure to file return, § 11.3(b)(i)
fraudulent returns, § 11.3(b)(iii)
impact of discharge, § 11.3(b)(vi)
individual debtors, § 11.3(b)
not a scheme to evade taxes, § 11.3(b)(iii)
Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), §§ 6.2(b)(i), 10.3(m)
Tax evasion, § 6.7(a)(i)
Tax-free recapitalization rules, § 5.6(a)
Tax Increase Prevention and Reconciliation Act of 2005, § 5.7(c)(iii)
Tax levy, § 12.3(i)
Tax liability, transferee, § 10.3(a)
Tax liability, unpaid
impact if provided for in chapter 11 plan, § 11.2(p)
impact if provided for in chapter 13 plan, § 11.2(p)
prompt determination, § 10.3(d)
Tax lien
attached after petition filed, § 12.3(e)
chapter 7, § 12.3(f)
exempt property, § 12.3(h)(i)
federal, § 12.3(b)
outside bankruptcy, § 12.3(d)
priorities in bankruptcy, § 12.3(e)
priorities over state and local, § 12.3(d)
sale of property subject to lien, § 12.3(f)
secured real property, § 12.3(h)
survival of, §§ 12.3(g), 12.3(h)
Tax offset
permissible, § 10.3(k)
prepetition taxes, § 10.3(k)
taxes not allowed, § 10.3(k)
Tax penalty, §§ 10.3(i), 11.2(g)
Tax planning, bankruptcy estate, § 4.5
Tax preference, § 12.2
ordinary course of business, § 12.2(c)
statutory lien, § 12.2(e)
Tax priorities
administrative expense, § 11.2(b)
California sales tax, § 11.2(e)(i)
chapter 11 reorganization, § 11.2(m)
gross receipt tax, § 11.2(e)(i)
income taxes, § 11.2(e)(i)
involuntary gap claims, § 11.2(c)
offers in compromise, § 11.2(e)(i)(B)
pending in tax court, § 11.2(e)(i)(c)
postpetition taxes, § 11.2(b)
prepetition taxes, § 11.2(b)
prepetition wages, § 11.2(c)
Tax refunds, § 4.4(b)
administrative remedies, § 10.3(d)
bankruptcy estate, § 4.4(b)
erroneous refunds or credits, § 11.2(l)
failure to notify, § 10.3(d)
individual, § 4.4(b)
nondebtor, § 10.3(d)
properly served, § 10.3(d)
section 505(a)(2), § 10.3(c)
time period, §§ 10.3(c), 10.3(d)
Tax Relief Act of 1997, § 7.3(d)
Tax Relief and Health Care Act of 2006, § 5.7(c)(iii)
Tax returns
failure to file, § 11.3(b)(i)
defined, § 11.3(b)(i)
delinquent, § 11.3(b)(ii)
fraudulent, § 11.3(b)(iiii)
Tax returns, responsibility for filing
corporate returns, § 3.3(b)
no free assets, § 3.2(b)
partnerships, §§ 3.2(b), 3.2(b)(i)
Tax returns to be filed
estate, § 4.3(b)
Form 1041, § 4.3(b)
Form 1120S, § 10.3(a)(i)
Taxable income
allocation for mid-year ownership change, § 6.4(c)
ownership change, § 6.4(d)
Taxable year
decision to elect, § 4.4(a)(ii)
election short tax year, § 4.4(a)(i)
individual, return, § 4.4(a)(i)
joint return, § 4.4(a)(i)
nonfiling spouse, § 4.4(a)(i)
“short” taxable year, § 4.4(a)
Taxes, estimated payments, § 11.2(b)
Taxes assessed
impact of bankruptcy filing, § 11.2(e)(i)(B)
impact of offer in compromise, § 11.2(e)(i)(B)
Technical Corrections Act of 1987, §§ 6.4(e)(i), 6.4(f)(iv)
Technical Corrections Act of 2007, § 5.79(c)(iii)
Tenney, §§ 3.2(a), 3.2(b)(ii)
Technical and Miscellaneous Revenue Act of 1988 (TAMRA), §§ 2.6(c), 2.7(e), 6.4(h)(ii)(A), 6.6(c)
Texas, § 12.3(h)(i)
Theft, § 9.2(a)
Thompson, §§ 3.2(a), 3.2(b)(ii)
Tillinghast, § 6.2(b)
Transferee tax liability, § 10.3(a)
Treasury Form 56, § 10.2(a)
Triangular G reorganizations, § 5.8(b)(v)
Triangular reorganizations, §§ 5.2(c), 5.2(g), 5.4(a)(iii), 5.5(b)(iii), 7.5(h)(iv)
Trust fund taxes
California sales tax, § 11.2(e)(iii)
property of the state, § 12.2(d)
sales tax, § 11.2(e)(iii)
withholding taxes, § 11.2(e)(iii)
Trustee
appointment, § 1.2
responsibility for filing of return, § 3.2(b)
Unenforceable debt, § 2.3(a)(vi)
Uniform Commercial Code, § 10.3(l)
Uniform Limited Partnership Act (ULPA), § 3.2(j)
Uniform Loss Rule (ULR), §§ 6.9(e), 6.9(e)(i), 6.9(e)(iii), 6.9(e)(iv), 6.9(e)(v)
Unlimited liability company, § 7.4(e)
Upstream, § 5.4(a)(iv)(C)
Upstream merger, § 5.5(b)(iv)
Used to cancel debt, § 2.9
abandonment, § 2.9(d)
character of the gain or loss, § 2.9(a)(iii)
foreclosure, § 2.9(c)
gain on the property transfer, §§ 2.9(a)(i)(A), 2.9(a)(ii)(A)
loss on the property transfer, §§ 2.9(a)(i)(B), 2.9(a)(ii)(B)
nonrecourse debt, §§ 2.9(a)(i), 2.9(b)
recourse debt, § 2.8(ii)
transfer of property, § 2.9(a)
U.S. trustee, §§ 1.2(e)(i), 1.2(f)(i), 1.2(f)(ii), 1.2(h)(iii), 1.2(i)
appointment, § 1.2(e)(i)
duties, § 1.2(e)(i)
functions, § 1.2(h)(iii)
Utah, § 7.5(i)
Value loss corporation
long-term tax-exempt rate, § 6.4(b)(iii)
options, § 6.4(b)(ii)(A)
Vender mortgage reacquisition
basis of property, § 9.5(c)(ii)
nature of gain, § 9.5(c)(i)
Voting stock, § 5.4(a)(ii)(A)
Waiver of sovereign immunity, § 10.3(m)
tax determination, § 10.3(a)
Walker, Wendy S., § 1.2(c)
Watts, § 7.2(b)(iv)
Wessel, §§ 5.7(c), 5.7(c)(ix)
Willfully standard, § 11.2(f)(i)(A)
Withholding taxes, § 11.2(f)(i)(A)
designation of payments, § 11.2(f)(iii)
priority, § 11.2(e)(iii)
property of the estate, § 12.2(d)
Worthless securities. See Security losses
Worthless stock deduction, § 7.4(e)
Yates, §§ 2.10(a), 9.3(g)
Yield, change in, §§ 2.4(d)(iii)(B)(1), 2.4(d)(iii)(C)