Spring 2020
6203 Bankruptcy Tax - ASOFSKY- 21848

Professor(s): Paul  Asofsky (DIRECTOR/SUPERVISOR )

Credits: 2

Course Areas: Taxation 
Business and Commercial Law

Time: 12:30p-2:30p  T  Location: 213  BLB

Course Outline: Bankruptcy Tax explores the resolution of the conflicting policies underlying the bankruptcy laws and the tax laws. When should generally applicable procedures for the determination and collection of taxes by modified to accommodate the orderly administration of a debtor's bankruptcy estate? When should rules requiring taxation of debt relief be overriden in the interests of affording a fresh start? How should rules limiting carryover of corporate losses be adjusted to recognize the investment of creditors in those losses? We will carefully explore bankruptcy rules circumscribing the audit and tax determination procedures, the place of interest and penalties under the Bankruptcy Code, The tax implications of modifying debt, the exclusion of a debtor's discharge of indebtedness from gross income and the consequent reduction of his tax attributes, and the conditions for mitigation in bankruptcy of rules cutting off losses and credits when ownership changes occur.

Course Syllabus: Syllabus

Course Notes: This is an LL.M class, and JD students may register, if space is available.  

Prerequisites: Yes  Federal Income Tax

First Day Assignments: Assignments

Final Exam Schedule: 04/28 1-3pm      

This course will have:

Satisfies Skills Course Requirement: No
Satisfies Senior Upper Level Writing Requirement: No

Experiential Course Type: No

Bar Course: No

DistanceEd ABA 306:

Pass-Fail Student Election:

Course Materials (11/25/2019 3:11:42 PM)

Book(s) Required

Bankruptcy Code, Rules, and Official Forms, 2019 Law School Edition
Charles J. Tabb
ISBN: 9781642429282