Tax Ramifications of Debt Restructuring

Construction and Real Estate

January 21, 2010
by Crystal Christenson

Bookmark and Share
Crystal Christenson Crystal Christenson

View Profile

You’ve finally managed to work out your debt issues with your lender and are feeling much more optimistic about the future. But wait – have you discussed the workout with your tax advisor yet? Whether your debt workout was as simple as a modification of debt terms or as unfortunate as a foreclosure, the resulting tax ramifications may surprise you – and not in a good way.

This article provides a brief introduction to the very complicated tax rules surrounding debt workouts.

Average Rating:

Length: 1 pages (PDF 60 kB)

Rate this Article
*  =  required fields
Your Rating*
E-mail Address*