Tax Talk: Filing Income Tax Returns
One of the first and most basic tax issues a receiver must address when taking on a new case is whether the receiver must file income tax returns and, if so, what kind of returns. And critically, a receiver who must file federal income tax returns must pay any tax liability reported on those returnsi […]
Tax Talk: Tips for Receivers; Appointment Orders
An order appointing a receiver should authorize the receiver to meet tax reporting and payment obligations that could potentially occur in the receivership. Broad authority is typically necessary since the receiver’s specific tax duties and obligations may not be known or even fully knowable until the receiver can determine the full nature and extent of […]