Bankruptcy and Insolvency Taxation, 3d ed.
Bankruptcy & Insolvency Taxation, by Grant W. Newton and Robert Liquerman (Wiley, 3d ed., 2005), is a comprehensive guide to the tax issues of bankrupt or insolvent taxpayers. It incorporates all of the major provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. The book is ideal for tax advisers with clients who are in or are considering bankruptcy. Topics include: the nature of bankruptcy and insolvency proceedings, taxation of bankruptcy estates and debtors, corporate reorganizations, use of net operating losses, tax consequences to creditors of loss from debt forgiveness, and more. 876 pages; $185. Contact (800) 225-5945; www.wiley.com.
Philip R. Fink, J.D., CPA
Professor of Taxation
University of Toledo