Course Information
Tax, Bankruptcy and Financial Problems
Course Information
| Title: | Tax, Bankruptcy and Financial Problems |
|---|---|
| Category: | Taxation |
| Field of Study: | Taxes |
| Course Code: | M143 |
| CPE Credits: | 3.0 |
| Price: | 27.95 |
Description
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 §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 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 common types of bankruptcy filings and related provisions that impact individual or business filings.
- Specify marital property transfers and asset protection strategies including insurance and organization structures to achieve protection and access objectives while avoiding fraudulent transfers and badges of fraud.
- Recognize medical costs and casualty and theft losses that may be deductible.
- Identify debt cancellation, foreclosure, and the deductibility and reporting of bad debts.
- Recognize elderly, disability, and estate planning programs and provisions to be considered for catastrophic and death planning purposes.
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Profession
NASBA: Yes
QAS: Yes
CPA: Suitable for all CPAs
IRS: IRS credit for Enrolled Agents.
Profession Identifiers: CPA, EA