By Emily Dorisio The IRS issued a Memorandum on April 15, 2016 clarifying the treatment of nonrecourse debt subject to certain “bad boy” guarantees. The Memorandum takes a position contrary to the recent Chief Counsel Advice...Read More
Category: “Bad Boy” Guarantees
by taxblog | Apr 18, 2016
By Emily Dorisio It is common for LLCs operating (and taxed) as real estate partnerships to obtain nonrecourse financing secured only by the real estate owned by the LLC. Liabilities of an LLC taxed as a partnership are...Read More
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