Assertion: modified debt instrument | /r/IsA | debt
Facets:
value: for tax purposes
type: PURPOSE
Source sentences:
text: Recently finalized regulations on issuer’s financial condition: Recently, the IRS issued regulations that address whether a deterioration in the issuer’s creditworthiness is taken into account in determining whether a modified debt instrument is still classified as debt for tax purposes.
text: The IRS issued proposed regulations in June 2010 36 that were finalized on Jan. 7, 2011, 37 clarifying that, when determining whether a modified debt instrument is still classified as debt for tax purposes, the deterioration of the issuer’s creditworthiness is not taken into account.