CPE Online Course Detail


Tax, Bankruptcy and Financial Problems

Price :   $27.95
CPE Credits :   3.0
Course Code :   T011-0167
Category :   Taxation
  

Description:
This course explores many tax issues that arise from filing for bankruptcy. Also addressed are asset protection for the tax practitioner and medical costs covered under section 213. There is an examination of property settlements and other transfers incident to divorce. A tax surprise for many taxpayers is the taxability of debt cancellation and repossessing property sold on the installment method can also be taxable. Finally, practitioners are brought up-to-date information on tax issues affecting estate planning and business issues.


Delivery Method: Online Self Study


Level: Overview


Prerequisites: None


Advanced Preparation: None


Policies: Click here


Author: Danny Santucci


Category: Taxation


Field of Study: NA


Passing Score: 70%


Publication Date: 01/15/2016


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Objectives:
1. Identify common types of bankruptcy filings and related provisions that impact individual or business filings.
2. Specify clients regarding marital property transfers, and list asset protection strategies including insurance and organization structures to achieve protection and access objectives while avoiding fraudulent transfers.
3. Recognize medical costs and casualty and theft losses that may be deductible.
4. Identify debt cancellation, foreclosure and the deductibility and reporting of bad debts.
5. Recognize elderly, disability and estate planning programs and provisions to be considered for catastrophic and death planning purposes.


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NASBA: Yes


QAS: Yes


CPA: Suitable for all CPAs


IRS: Enrolled Agents Program Number 263UK-T-00142-14-S




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