• Temporary Tax Relief for Debt Restructurings
  • March 11, 2009 | Authors: John André LeDuc; Cary D. Pugh
  • Law Firm: Skadden, Arps, Slate, Meagher & Flom LLP - Washington Office
  • The recently enacted American Recovery and Reinvestment Act of 2009 (the Act) contains new temporary tax rules relaxing the treatment of cancellation of debt income (CODI) and applicable high-yield discount obligations (AHYDOs).