transcript   Transcript

Unified Loss Rules

Recorded on: Feb. 22, 2018
Running Time: 01:32:42

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Taken from the Web Program Consolidated Tax Return Regulations 2018 Recorded February 2018 in New York

Unified Loss Rules [01:32:42]

Discussion of disallowance of realized losses (which may or may not be true economic losses), "son of mirror" transactions, loss duplication, attribute reduction, traps for unwary buyers and sellers in M&A transactions, and liquidation of insolvent subsidiaries

Julie T. Wang [Assistant to the Branch Chief (Corporate, Branch 1), Internal Revenue Service], Lawrence M. Axelrod, Bryan P. Collins, Marc A. Countryman, Michael L. Schler

The purchase price of this Web Program segment includes the following articles from the Course Handbook available online:

  • The Consolidated Unified Loss Rules
    Mark J. Silverman
  • Consolidated Return Issues for Buyers and Sellers in M&A Transactions (November 2017)
    Michael L. Schler
  • Section 384 of the Internal Revenue Code of 1986
    Mark J. Silverman
  • A New Form of Obscenity? Sorting through the Federal Circuit’s “We Know It When We See It” Ruling in Coltec
    Mark J. Silverman, Gregory N. Kidder
  • The Future of Tax Planning? From Coltec and “You Know It When You See It” to Schering-Plough and “Assimilation with Applicable Tax Laws”
    Amanda P. Varma, Mark J. Silverman

Presentation Material

  • Unified Loss Rule
    Lawrence M. Axelrod, Bryan P. Collins, Marc A. Countryman, Michael L. Schler
(s)
Lawrence M Axelrod ~ Ivins, Phillips & Barker Chartered
Bryan P Collins ~ Deloitte Tax LLP
Michael L Schler ~ Cravath, Swaine & Moore LLP
Julie T Wang ~ Senior Counsel, Office of the Associate Chief Counsel (Corporate, Branch 2), Internal Revenue Service
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