IRS issues final regulations on acceleration of deferred COD income

07/2/2013 | Journal of Accountancy online

The Internal Revenue Service on Tuesday issued two sets of final regulations governing the acceleration of cancellation of debt income for taxpayers who elected under special recession-related legislation to defer that income over a five-year period. One set of regulations covers C corporations; the other covers S corporations and partnerships.

View Full Article in:

Journal of Accountancy online

Published in Brief: