Karrie L. Bercik, JD, LLM

Report of the American Bar Association Tax Section Task Force on the Tax Recommendations of the National Bankruptcy Review Commission

 
• Introduction

   

• The Task Force

   

• Summary of Principal Recommendations

   

• The Commission

   

• The Original Bankruptcy Commission and its Legacy

   

• Role of the Section

   

• The Challenge to the Commission

   

  Please note the footnotes are under construction

• Task Force Positions:
   
  • Subordination of Certain Tax Liens in Chapter 7: Section 724(g)(2) of the Bankruptcy Code (Commission Track Number 100)

     

  • Extending the "Deemed Filed" Rule Beyond Chapter 11 (Commission Track Number 104)

     

  • Notice to Governmental Units (Commission Track Numbers 105, 106 and 109)

     

  • Scheduling the Tax Basis of Assets (Commission Track Numbers 107 and 108)

     

  • Burden of Proof (Commission Track Number 211)

     

  • Bringing Tax Returns and Payments Current (Commission Track Number 212)

     

  • The Chapter 13 "Superdischarge" (Commission Track Number 213)

     

  • Deferred Payments of Priority Taxes Under Section 1129(a)(9)(C) of the Bankruptcy Code (Commission Track Number 214)

     

  • Setoffs (Commission Track Number 215)

     

  • Notice Requirements Under Section 505(b) of the Bankruptcy Code (Commission Track Number 216)

     

  • The Estate of an Individual Family Farmer as a Taxable Entity: Section 1231(b) of the Bankruptcy Code (Commission Track Number 217)

     

  • Proposal to Create an Elective Short Taxable Year for State and Local Tax Purposes (Commission Track Number 217A)

     

  • Debtor's Duty to Give Notice of Pending Federal Tax Audits (Commission Track Number 218)

     

  • Sanctions or Contempt against a Governmental Authority for Violation of the Automatic Stay (Commission Track Number 219)

     

  • Suspension of Time Under Section 507(a)(8) of the Bankruptcy Code During Period of Previous Bankruptcy Cases (Commission Track Number 311)

     

  • Remedies Upon Default or Dismissal of Confirmed Plan (Commission Track Number 312)

     

  • Effect of Offers in Compromise on the 240-Day Period of Section 507(a)(8)(A)(ii) of the Bankruptcy Code (Commission Track Number 313)

     

  • Nonassessed Taxes as Priority/Nondischargeable Debts (Commission Track Number 314)

     

  • Special Bank Accounts for Postpetition Taxes and Other Payroll Deductions (Commission Track Number 315)

     

  • United States v. Energy Resources Co. (Commission Track Number 321)

     

  • Bankruptcy Court Jurisdiction in Tax Matters Including Declaratory Judgments on Tax Matters (Commission Track Numbers 329 and 433)

     

  • Dischareability of Penalties Related to Nondischargeable Taxes (Commission Track Number 331)

     

  • Lien Capping in Chapter 13 (Commission Track Number 333)

     

  • Avoiding Tax Liens (Commission Track Number 334)

     

  • Priority for Excise and Employment Taxes (Commission Track Number 335)

     

  • Tax Jurisdiction in No Asset Cases (Commission Track Number 339)

     

  • Filing Partnership Tax Returns (Commission Track Number 414)

     

  • Effect of Discharge of Parntership Indebtedness on Basis of Partner's Interest in Partnership (Commission Track Number 415A)

     

  • The Trustee as Tax Matters Partner (Commission track Number 415B)

     

  • Postpetition Taxes as Ordinary Course Expenses (Commission Track Number 421-4)

     

  • Abandonment (Commission Track Number 425)

     

  • Corporate Income Taxes in Year Petition is Filed (Commission Track Number 432)

     

  • The Estate as Successor Under Section 505(b) of the Bankruptcy Code (Commission Track Number 438A)

     

  • Fresh Start NOL Proposal (Commission Track Number 4312)

     

  • Retroactive Challenge to Nonconforming Chapter 13 Plans (Commission Track Number 441)

     

  • Failure of Tax Authority to File Chapter 13 Proof of Claim (Commission Track Number 441A)

     

  • Interest on Deferred Chapter 13 Tax Payments (Commission Track Number 503A)

     

  • Definition of"Willfully" for purposes of Section 523(a)(1)(C) of the Bankruptcy Code (Commission Track Number 602)

     

  • Consolidated Return Issues Where Common Parent, But Not All Subsidiaries, Is a Debtor (Commission Track Number 604A)

     

  • Disclosure Statements (Commission Track Number 701)

     

  • Subordination of Tax Penalties (Commission Track Numbers 703 and 704)

Appendix A - Guide to Track Numbers and Cross References

Appendix B - Dissenting Views

Appendix C - Fresh Start to NOL Proposal: Legislative Language

Questions, comments or suggestions? kbercik@taxcounsellor.com

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