On January 19, 2021, Davis Polk partner Lucy Farr will be among the speakers at the New York State Bar Association’s 2021 Annual Tax Section Meeting: Partnership and Bankruptcy/Restructuring. Farr will speak on the “As If They Didn’t Have Enough Problems: Unanswered Tax Questions for Troubled Companies” virtual panel. Topics discussed will include:
- Uncertainties regarding the application of Section 382
- The availability of “ordinary loss” treatment with respect to the stock of worthless consolidated subsidiaries
- Questions related to cancellation of indebtedness income, such as the application of the “issue price” rules to troubled companies, the intersection of CODI, Section 163(j) and the AHYDO rules, and determinations of “insolvency."
For more information, please visit the event website.