Practising Law Institute (PLI) features specialized sessions on tax strategies for financially troubled businesses within its premier annual conference series on Tax Strategies for Corporate Acquisitions, Dispositions, Spin-Offs, Joint Ventures, Financings, Reorganizations & Restructurings. These programs focus on navigating net operating losses (NOLs), debt restructurings, and corporate distress under complex federal tax rules.

Wilson Sonsini partner Myra Sutanto Shen will be speaking on a panel titled "Tax Strategies for Financially Troubled Businesses & Other Loss Companies" as part of PLI's Tax Strategies in Los Angeles on December 10, 2026.

This session will explore the tax planning strategies available to troubled businesses and loss companies. After completing this session, participants will be able to:

• Understand the impact of section 382 on the treatment of NOLs, built-in gains/losses and income items/deductions
• Summarize the impact of the CAMT on cancellation of debt income, bankrupt companies, and workouts outside of bankruptcy
• Explain the three principal areas in which the recourse/nonrecourse distinction arises within the context of workouts

The three-day program will focus on the tax issues presented by the entire spectrum of modern major corporate transactions, from single-buyer acquisitions of a division or subsidiary to multi-party joint ventures, cross-border mergers, and complex acquisitions of public companies with domestic and foreign operations, including spin-offs and other dispositions of unwanted operations.