Electing to Close the Tax Year in Bankruptcy

dc.contributor.author Harl, Neil
dc.contributor.department Iowa State University Digital Repository
dc.date 2018-02-19T04:16:35.000
dc.date.accessioned 2020-06-29T22:56:13Z
dc.date.available 2020-06-29T22:56:13Z
dc.date.embargo 2017-11-27
dc.date.issued 2010-06-11
dc.description.abstract <p>The economic downturn in the past couple of years coupled with low commodity prices for milk, hogs and a few other commodities has focused attention on appropriate strategies if the decision is made to file bankruptcy.<strong>1 </strong>Among those strategies, and one of the most important, is the decision to elect to close an individual debtor’s tax year if the filing is under Chapter 7 liquidation or Chapter 11 reorganization.<strong>2 </strong>The election opportunity does not apply to those filing under other chapters of the Bankruptcy Code (Chapters 9, 12 or13) nor does it apply to partnerships, corporations and other types of entities as debtors regardless of the chapter under which the filing occurs.<strong>3</strong></p>
dc.identifier archive/lib.dr.iastate.edu/aglawdigest/vol21/iss12/1/
dc.identifier.articleid 2030
dc.identifier.contextkey 11157241
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath aglawdigest/vol21/iss12/1
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/3514
dc.source.bitstream archive/lib.dr.iastate.edu/aglawdigest/vol21/iss12/1/AgLawDigest_v21n12_01.pdf|||Fri Jan 14 17:51:35 UTC 2022
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Agricultural Economics
dc.subject.disciplines Agriculture Law
dc.subject.disciplines Public Economics
dc.title Electing to Close the Tax Year in Bankruptcy
dc.type article
dc.type.genre article
dspace.entity.type Publication
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relation.isOrgUnitOfPublication d2bcee6c-7cba-4fa7-bd11-543354ce7b1b
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