• Course Information
    4.3 (250)

    Title: Divorce and Bad Debt
    Category: Taxation
    Field of Study: Taxes
    Course Code: T011-0158
    CPE Credits: 2.0
    Price: $19.95


This course will teach participants how to apply, implement, and evaluate the strategic tax aspects of marital and financial setbacks. Property transfers, asset divisions, alimony, filing status, exemptions, and child support are examined. The cancellation of indebtedness income inclusion rules are discussed in the context of debt forgiveness and property foreclosure. Emphasis is given to the exceptions from income inclusion contained in section 108. The tax treatment of property repossession under section 1038 and bad debt treatment under section 166 is reviewed.

Delivery Method: Online Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Policies: Click here

Course Details

Author: Danny Santucci

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Publication Date: 03/09/2021

Technical Details: Taxation is a technical field of study for all states.

For More Detail: Click here

If you are unable to view PDF then right click the mouse and click save link as


1. Recognize tax considerations and tax guidance for marital breakdowns, and identify marital status specifying the effect marital status has on filing status and federal income tax obligations.
2. Identify the state marital property provisions, cite elements of Section 1041 identifying at least two tax traps for the unaware, and specify variables that determine whether a payment is alimony.
3. Determine the exceptions to the general income inclusion rule specifying their tax impact, and recognize the various issues related to calculating gain or loss resulting from foreclosure or repossession including the differences between personal and real property repossession, amount realized on sale or other distribution of property in a foreclosure, and basis calculation on repossession of property.
4. Identify nonbusiness and business bad debts under Section 166 specifying their differences in Code requirements and amount allowed.

For More Objectives: Click here

If you are unable to view PDF then right click the mouse and click save link as



QAS: Yes

CPA: Suitable for all CPAs

IRS: Enrolled Agents Program Number 263UK-T-00133-14-S

Profession Identifiers : CPA, EA

Start Saving on Your CPE Today!

Join MasterCPE


Yes   No