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PICPA: Watch Your Step with Debt Modifications

PICPA: Watch Your Step with Debt Modifications

Michael Tighe
Managing Director
Howard Braithwaite
Principal
Deanna Huntowski-Nasseh
Supervising Senior Tax Analyst

Debt restructuring has become increasingly common, and understanding the regulations is vital. Our article covers essential topics such as:

  • The definition and implications of a significant modification.
  • Treasury Regulation Section 1.1001-3.
  • Tax consequences and potential mitigations.

Read full Pennsylvania CPA Journal article to ensure you’re fully informed on these complex regulations.

About The Author(s)

Michael Tighe
Managing Director
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Mike is a Managing Director in GTM's  lead practice based out of the firm's corporate headquarters in Wayne, PA. His broad range of experience providing...
Howard Braithwaite
Principal
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Howard is a Principal at GTM based in the firm’s Philadelphia Metro office. His primary focus is on federal and U.S. international income tax matters....
Deanna Huntowski-Nasseh
Supervising Senior Tax Analyst
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Deanna is a Supervising Senior Tax Analyst in GTM’s Lead Tax Practice, based out of the firm’s Philadelphia Metro office. She focuses primarily on accounting...