Federal Income Taxation of Debt Instruments

Now in its Third Edition, FEDERAL INCOME TAXATION OF DEBT INSTRUMENTS is the definitive reference for the many complicated issues involved with debt instruments.

This comprehensive, one—volume treatise contains clear interpretations of the basic rules governing original issue discount and imputed interested and detailed coverage of many specialized topics.

In addition to complete coverage of the final OID Regulations, the new edition covers every aspect of the current regulations and thoroughly analyzes all related areas, including:

Market discount

Short—term obligations

Coupon stripping

Bond premiums

Variable rate debt instruments

Contingent payment obligations

Debt workouts

Mortgage—backed securities

Complete, current, and concise, this book is the most authoritative step—by—step practice guide available.