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Bankruptcy cases and restructurings are becoming increasingly complex.
With this growing complexity comes the need to carefully consider the tax
implications of any proposed transaction. How will NOLs be
affected? How can COD income be minimized? What are the potential
tax implications of a post-restructuring change in ownership structure?
We know the right questions to ask, and we have the experts to answer
them. At ST&G, we have one of the leading practitioners in the
country in the field of bankruptcy taxation. In fact, ST&G's
bankruptcy taxation group is so highly respected that it is regularly consulted
by other restructuring advisors and bankruptcy lawyers from around the
country.
ST&G's Recent Record of Success:
Calcor
Space Facility, Inc. (Los Angeles, CA) – ST&G was engaged to
evaluate a proof of claim for more than $500,000 that was filed by the IRS
based upon the disallowance of a corporate tax shelter. In the course of
its review of the claim, ST&G determined that the debtor had not taken
advantage of substantial deductions that were available to it based upon the
completed contract method of tax accounting. The IRS's Appeals Office
agreed with ST&G's position and approved a refund of taxes and interest of
more than $6 million for the debtor-corporation.
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