LexisNexis Tax Advisor - Federal Topical: COD Gross Income Exclusion Guidance

LexisNexis Tax Advisor - Federal Topical: COD Gross Income Exclusion Guidance

IRS Rev. Proc. 2009-37 guidance clarifies cancellation of indebtedness (COD) relief under new IRC Sec. 108(i), created pursuant to the American Recovery and Reinvestment Act of 2009 (ARRA). The new Revenue Procedure also leaves open a few questions, however, related to IRC Secs. 704 and 752 provisions.

Click here to access our sample discussion of ARRA discharge of indebtedness provisions and Rev. Proc. 2009-37 guidance.  

Exclusively from LexisNexis: Tax Advisor – Federal Topical, a comprehensive 480-chapter tax encyclopedia with expert practitioner analysis of all major areas of federal tax law. This easy-to-use topical reporter provides practice tips, hypothetical examples, hyperlinks to other analytical content and primary law, drafting checklists and a sophisticated index to pinpoint exactly what you need quickly.

Customers can access information in three ways:

  • Search for a key word or phrase
  • Search the alphabetical index
  • Browse through the topic-wide table of contents

 

Like what you see?

LexisNexis® Tax Center offers a single access point where you can find the most current and comprehensive analytical and topical law sources available on the legal market.

Discover the features and benefits of LexisNexis® Tax Center.

If you are a LEXIS.com subscriber, you can gain access here to this and additional content: 

LexisNexis Tax Advisor -- Federal Topical § 1A:8.14

If you are not a subscriber and would like more information about this service, please call Customer Service or your LexisNexis sales representative.

For Customer Service or Technical Support, please call 1-800-543-6862.

 

LEXIS.com subscribers can access insights on state tax and revenue implications of IRC Sec. 108(i) from Andrew Swain's commentary, A State Tax Revenue Consequence of the ARRA of 2009 in Cancelling Debt Income.