Dealing with business debt during challenging times

For our fifth and final installment of our “Tax planning for challenging times” webinar series, our tax experts will discuss dealing with debt. Business debt can play a significant role amid financial struggles—in both positive and negative ways. For example, planning related to trade receivables may result in access to tax deductions, while, on the other hand, modifications to existing debts can generate taxable income through the recognition of cancellation of debt (COD) income.

Our experts will demonstrate how, with proper planning, you can maximize tax attributes related to business debt. They’ll discuss bad debts, COD income and debt renegotiations, the interest expense limitation, and bankruptcy.

Learning objectives:

• Develop an understanding of the tax implications related to your organization’s existing debt structures and planning opportunities.
• Define the debt strategies you can use to gain positive tax results while avoiding negative consequences.
• Determine the appropriate time to consider debt renegotiations or other planning strategies.

Find our full webinar series here:

• Tax strategies for adapting to challenging times
• Maximizing cash flow through COVID-19 tax planning
• Optimizing tax accounting methods in challenging times
• Rethinking business and transaction structures during COVID-19

For further tax-planning resources:

• Access our “Tax planning for challenging times” guide.