The current credit crisis may have created an opportunity for equity investors to wind down or terminate the cross-border lease transactions that were entered into over the last 20 years. The IRS is currently scrutinizing these transactions, particularly the Lease In Lease Out’s, Sale In Lease Out’s and the Qualified Technological Equipment’s.
Joe Voyticky, of counsel with Pepper in the Financial Services Practice Group and a resident in our quickly expanding New York office, explains this issue and what equity investors should be doing today.
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