January 18, 2023
Companies’ Debt-Restructuring Plans Could Trigger Minimum Tax
This article was originally published by the American Bankruptcy Institute Journal
A&M Managing Director Kevin M. Jacobs and Senior Director Andrey Ulyanenko author an article with Kirkland & Ellis LLP Tax Partner Anthony V. Sexton warning companies navigating insolvency and restructuring plans to be wary of the tax bill under the new “book minimum tax” regime (BMT) that was passed as part of the Inflation Reduction Act of 2022.
Since the publishing of this article, as part of the year-end deluge of guidance, Treasury and the IRS released Notice 2023-7 which suggests how they intend to address some, but not all, of these issues.
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