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IRS Guidance Issued on Election to Defer CODI for Debt Restructurings in 2009 and 2010
Practical Law Legal Update 8-422-1838 (Approx. 3 pages)
IRS Guidance Issued on Election to Defer CODI for Debt Restructurings in 2009 and 2010
by PLC Corporate & Securities and PLC Finance
| Published on 18 Aug 2009 • USA (National/Federal) |
An update on Revenue Procedure 2009-37 which provides the exclusive procedures for taxpayers to make an election to defer recognizing cancellation of indebtedness income (CODI) for debt restructurings in 2009 and 2010.