Thomas Lawson

Thomas Lawson

Loeb & Loeb LLP

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IRS Provides Discharge of Indebtedness Safe Harbor for Debt Secured by Interest in Disregarded Entity Holding Real Property

In general, discharge of indebtedness income is excluded from the gross income of a taxpayer (other than a C corporation) if the indebtedness is qualified real property business indebtedness (QRPBI). To qualify as QRPBI, the...more

2/25/2014 - Debt Dischargeable Debts IRS Safe Harbors

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