shareholder Archives

Non-Recourse Debt Forgiveness Bites Shareholder Upon Forgiveness

Aug 29, 2023

How is relief of debt treated for tax purposes? Does it matter if the debt is recourse or non-recourse? Does it matter if the debtor is a separate entity guaranteed by the owner(s)? Does it matter if the debt is forgiven as part of a sale of property securing the debt? These issues were addressed…
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Starting a Business? Prepare for the Inevitable and Worst-Case Scenarios

Mar 29, 2023

You and your friend wish to start new business based on a novel idea that you both are sure will succeed. You know there are no obstacles that can prevent this business from growing and thriving. You are sure this new business will bring you and your family the security and prosperity you have always…
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Tag: shareholder

Non-Recourse Debt Forgiveness Bites Shareholder Upon Forgiveness

Starting a Business? Prepare for the Inevitable and Worst-Case Scenarios

Directions

Excluding Gain on the Sale of Your Principal Residence

Successor Trustee Liability for Unpaid Estate Tax

Crider Trust Case – The Case for the Cautious Fiduciary