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January 26, 2021
2021-0181

Tax M&A Update for December 2020

Tax M&A Update is a monthly newsletter that provides a summary of developments in the marketplace, leading technical developments, and other thought leadership notes in the area of mergers and acquisitions (M&A) taxation and general corporate taxation. Highlights of this edition include:

— No COD income from discharged debt of disregarded entity
— Congress reverses IRS position on Paycheck Protection Program expense deduction
— Company required to use accrual reporting for promissory note

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Tax M&A Update

 

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