Despite lingering questions concerning the scope of a bankruptcy court’s jurisdiction in the wake of Supreme Court decisions in Stern v. Marshall[1] and Wellness Int’l Network, Ltd., et al v.

The Bankruptcy Taxation Committee had a particularly active 2015, and we are headed into 2016 with a lot of momentum. Understanding how tax issues affect the bankruptcy process is key to any case. Join our committee to further your knowledge and appreciation of tax issues in bankruptcy.

Benjamin Franklin once famously said, “Nothing is certain except death and taxes.” The U.S. federal income tax rules certainly apply to both profitable companies and troubled companies to ensure that no party is left out of the fun. These tax consequences can have a material impact on both the current and future health of a debtor corporation, as well as on the type and amount of assets of the debtor corporation available to both creditors and purchasers of assets of the debtor corporation.

26 U.S.C. § 6901 and Internal Revenue Code § 6901 enable the IRS Commissioner to collect deficient or underpaid corporate income taxes from a transferee of property. In the recently decided case of Slone v. Commissioner,[1] the appeals court was asked to decide whether the tax court had made an appropriate decision by holding that