Whenever a company undergoes a major corporate restructuring, a business reorganization, or a change in strategic direction, the transactions are likely to result in the significant tax consequence that the relevant parties need to be aware of in advance.

For instance, the release of indebtedness by a creditor may be treated as an income of a debtor by the Revenue Code. The relevant parties should understand the tax implications of their transaction and find a legitimate way to minimize the taxes incurred on such transaction.

We can assist clients on the following areas: