Changes in Bankruptcy Tax Law: Hearing Before the Committee on Ways and Means, House of Representatives, Ninety-fifth Congress, Second Session, on H.R. 9973 ... February 22, 1978U.S. Government Printing Office, 1978 - Broj stranica: 160 |
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accrued interest acquiring corporation apply bankrupt Bankruptcy Act bankruptcy discharge bankruptcy laws bankruptcy proceeding basis reduction bill cancellation of indebtedness carryback Committee CONGRESS THE LIBRARY Conrail debtor corporation debtor in possession discharge of indebtedness discharged indebtedness discharged liabilities earnings and profits EFFECTIVE DATE.-The amendment extent fair market value filing gain or loss gross income indebtedness income insolvency proceeding insolvency reorganizations Internal Revenue Code Internal Revenue Service LIBRARY OF CONGRESS lieu thereof limited loss corporation National Bankruptcy Conference nondischarged operating loss carryover ordinary income partner partnership plan of reorganization present law principal amount priority railroad recapture respect result rule ruptcy section 346 Section recommends approval securities received security holders shareholders solvent stock or securities subsection tax attributes tax benefit tax claims tax laws tax liability tax lien Tax Section recommends taxable income taxable period taxpayer tion title 11 transaction transfer of property transferor treated treatment trustee United States Code
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Stranica 81 - Such exchange is not pursuant to a plan of reorganization described in section 368 (a), and (2) The principal amount of the securities received exceeds the principal amount of the securities surrendered or if securities are received and no securities are surrendered — if such exchange is pursuant to a plan of reorganization for a railroad corporation as...
Stranica 62 - Rights and the Subcommittee on Improvements in Judicial Machinery of the Senate Committee on the Judiciary, 88th Cong., 2d Sess., 46 (1964). 11 E. g., the "Tombs" riots in New York City in 1970.
Stranica 127 - ... to which any property acquired by the acquiring corporation is subject, shall be treated as money paid for the property.
Stranica 74 - I have a prepared statement, which, with your permission, I would like to submit for the record.
Stranica 103 - Since the filing of the Report of the Commission on the Bankruptcy Laws of the United States...
Stranica 65 - Subsection (b) permits the trustee of the estate of an individual debtor or a corporation in a case under chapter 7 of title 11 to make a tax return only if the estate or corporation has net taxable income for the entire case. If the estate or corporation has net taxable income at the close of the case, then the trustee files an income tax return for each tax year during which the case was pending. The trustee of a partnership debtor must always file returns for each such taxable period. Subsection...
Stranica 17 - Cross reference. For treatment of the exchange if any property Is received which Is not permitted to be received under this subsection (including an excess principal amount of securities received over securities surrendered), see section 356.
Stranica 73 - I would be pleased to answer any questions that you might have. The CHAIRMAN. Thank you very much, Mr.
Stranica 102 - Sixth, allowed unsecured claims of individuals, to the extent of $900 for each such individual, arising from the deposit, before the commencement of the case, of money in connection with the purchase, lease, or rental of property, or the purchase of services, for the personal, family, or household use of such individuals, that were not delivered or provided.
Stranica 19 - ... (B) In a proceeding under chapter X of the Bankruptcy Act (62 Stat. 883-905; 11 USC, chapter 10) or the corresponding provisions of prior law, to another corporation organized or made use of to effectuate a plan of reorganization approved by the court In such proceeding, In exchange solely for stock or securities In such other corporation.