Course Information
Bankruptcy Tax Issues
Course Information
| Title: | Bankruptcy Tax Issues |
|---|---|
| Category: | Taxation |
| Field of Study: | Taxes |
| Course Code: | M086 |
| CPE Credits: | 2.0 |
| Price: | 19.95 |
Description
Description:
The Bankruptcy Abuse Prevention and Consumer Protection Act was enacted to minimize abuse of the bankruptcy system. Included in this Act were tax law changes and other changes that individuals, partnerships, and corporations will see in the bankruptcy procedures and qualifications. This mini-course both examines these changes that debtors will face when filing for federal bankruptcy and also explores the many tax issues of bankruptcy. Practitioners will also learn about other issues such as homesteading and garnishment by creditors.
Delivery Method: Online Interactive Self Study
Level: Overview
Prerequisites: None
Advanced Preparation: None
Course Details
Category: Taxation
Field of Study: Taxes
Passing Score: 70%
Technical Details: Taxes: Technical
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Objectives
Objectives:
- Identify changes made by the 2005 Bankruptcy Act, the common types of bankruptcy, and filing qualifications.
- Determine the impact of an automatic stay, the treatment of preferential transfers, the priority of claims, and the discharge of debts.
- Recognize the creation and taxation of an individual bankruptcy estate specifying partnership & corporate bankruptcy differences.
- Identify the scope of and special rules for homesteading and garnishment.
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Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: IRS credit for Enrolled Agents.
Profession Identifiers: CPA, Enrolled Agents