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Academic
: Legal Theory BlogCauble on Cancellation of Indebtedness & Tax-Exempt Entities
By Lawrence Solum
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Significant uncertainty exists under current law regarding the tax treatment of cancellation of indebtedness income realized by tax-exempt entities. This article examines current law and proposes viable solutions for eliminating uncertainty.
Full post as published by Legal Theory Blog on July 01, 2010 (boomark / email).
The Mortgage Forgiveness Debt Relief Act
Phantom Income Relief on Debt Cancellation
DirecTV
alleging a cancellation fee that is improperly or insufficiently disclosed to consumers.
DirecTV and Best Buy
allegedly failed to inform customers that they must return their receivers upon cancellation.
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