Federal Income Taxation of Debt Instruments is the definitive reference for the many complicated issues involved with debt instruments. This comprehensive treatise contains clear interpretations of the basic rules governing original issue discount and imputed interest and detailed coverage of many specialized topics. In addition to complete coverage of the final OID regulations, the book covers virtually every aspect of the taxation of debt instruments and many related areas. CONTENTS: – Basic Concepts – Determining Total Original Issue Discount – Imputed Interest on Debt Issued for Property – Below-Market and Intercompany Loans – Current Inclusion and Deduction of OID – Accounting for Interest – Short-term Obligations – Variable Rate Debt Instruments – Contingent Debt Instruments and Integration – OID: Additional Special Topics – Market Discount – Bond Premium – Sales, Exchanges, Recapitalizations and Redemptions – Debt Modifications – Cancellation of Debt – Coupon Stripping – Information Reporting and Withholding – International Issues
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