The COVID-19 pandemic raises the specter of borrowers defaulting on their loans and debt issuances. Renegotiation and workout of those obligations must occur, either in or out of bankruptcy.  Any time where a borrower and lender change the terms of a pre-existing debt obligation, the possibility of tax consequences are…

(January 12, 2019) Steve Phillips, a tax and transactional attorney and Senior Partner at Phillips Golden LLP, will present an educational paper and talk on selected and complex tax issues arising in the mergers and acquisition arena. Recent tax reform along with certain IRS rule changes have energized deal making…

The Tax Cuts and Jobs Act of 2017 significantly enhanced the tax deductions available for the costs of both new and used property used in a trade or business.  These enhanced deductions — including 100% immediate deductibility of asset costs — have caused M&A professionals, including tax professionals, to reassess…