Cart empty

Fast, Easy and Affordable Continuing Education for Accountants!

Our Amazing Sales & Support: 888-479-4574

Interest & Debt 2016 - 2 CPE

Email
After reading the materials, participants will be able to:1. Define “interest” and determine whether and how much is tax de-ductible by:a. Describing what constitutes bona fide debt considering economic substance, purpose, and differences that such de
$19.95
Download

interest-minicoursefor2013rq-fe.doc
Price: No additional charge

Manufacturer: Santucci

After reading the materials, participants will be able to:

1. Define “interest” and determine whether and how much is tax deductible by:

a. Describing what constitutes bona fide debt considering economic substance, purpose, and differences that such debt has from installment sales, long-term & leveraged leases, and annuities;

b. Explaining how transactions with family members and controlled corporations can recharacterize alleged indebtedness into gift or business equity pointing out the factors used in this recharacterization and;

c. Listing four incentives to use corporate debt instead of equity while contrasting the special treatment of failed equity investment under §1244.

2. Categorize deductible interest types and identify special calculation concepts and procedures by:

a. Allocating interest based on debt’s business or personal purpose pointing out the application of any carryover rules;

b. Determining net investment income demonstrating its impact on the deductibility of investment interest;

c. Explaining the special tax treatment given to student loans, margin accounts and market discount bonds noting what happens to any disallowed interest expense; and

d. Describing the timing considerations in interest reporting including interest paid in advance.

3. Categorize nondeductible interest types and identify provisions that through restriction create nondeductible interest by:

a. Determining whether interest is nondeductible personal interest under §163(h)(1);

b. Explaining the disallowance of interest related to tax-exempt income under §265, the life insurance interest restrictions of §264; the §465 at-risk limitations and application of the §469 passive loss rules; and

c. Analyzing the treatment of certain commitment fees and service charges based on R.R. 67-2897 and caselaw.

4. Deduct interest under the cash or accrual method noting the special elections applicable to and treatment of carrying charges under §266, below-market loans, and imputed interest

Reviews

There are yet no reviews for this product.
Employer Compensation - 4 CPE Credit Hours
$34.95
After reading the materials, participants will be able to:1. Identify the twenty common-law rules used by the IRS to determine whether a person is an employee for purposes of FICA, FUTA and federal income tax withholding.2. Recognize employee and offi
2012-2013 Easy Update - 3 CPE Credit Hours
$29.95
After reading the materials, participants will be able to:1. Discuss the various issues related to individual income taxes by list-ing the income tax rates for the various tax brackets, quoting the AMT phaseout limits and contribution limits to HSAs, an
1040 Workshop - 40 CPE Credit Hours
$169.95
The sources of federal tax revenue are individual income taxes; Social Security and other payroll taxes; corporate income taxes; excise taxes; and estate and gift taxes.Note: The individual income tax is the major source of federal revenues, fol-lowed c
Defensive Divorce - 24 CPE Credit Hours
$109.95
When someone is going through the trauma of a divorce they often do not realize that there are severe tax implica-tions when making decisions such as:(1) When to separate,(2) When to file for the divorce,(3) How to handle child support and alimony,
The 7 Irrefutable Rules of Small Business Growth - 20 CPE Credit
$89.95
NOT AN ONLINE COURSE! PLEASE SEE DETAILS. Starting a small business and making it a success isn’t easy. In fact, most small business owners don’t get rich and many fail. This book presents the straight truth on small business success.
Social Security, Medicare & Government Pensions - 20 CPE Credit
$89.95
NOT AN ONLINE COURSE! PLEASE SEE DETAILS. Everyone wants to get the highest possible retirement and pension income – not to mention the best medical coverage. Turn to the completely updated 17th edition of Social Security, Medicare & Government Pensions to discover the benefits you're entitled to
Fraud 101 - 20 CPE Credit Hours
$89.95
NOT AN ONLINE COURSE! PLEASE SEE DETAILS. Fraud 101, Third Edition serves as an enlightening tool for you, whether you are a business owner or manager, an accountant, auditor or college student who needs to learn about the nature of fraud. In this invaluable guide, you will discover and better un
Bookkeeping for Nonprofits - 20 CPE Credit Hours
$89.95
NOT AN ONLINE COURSE! PLEASE SEE DETAILS. Bookkeeping for Nonprofits is a hands-on guide that offers nonprofit leaders, managers, and staff the tools they need to create and maintain a complete and accurate set of accounting records. This much-needed resource provides those with little or no book
$129 Unlimited CPE Subscription
$129.00
Take all the CPE you need with our $129 Unlimited CPE Subscription! 365 Days access to all of our CPE courses allows you to get as much CPE Credit as you choose!

Our CPE Is Accepted In:

 
Our CPE is currently accepted in: AL, AK, AZ, CA, CO, CT, DE, GA, ID, IN, IA, KY, ME, MD, MA, MI, MO, MT, NV, NH, NM, ND, OH, OK, PA, RI, SD, TX, UT, VT, VA, WA, WI, WY
 
Coming Soon 
NY
 
Coming Soon
NASBA

Testimonials

 
Thank you. I finish a test when I am in a flight for a business trip so when I log in to your website, I can enter all answers.
Mike CPA
 
 
Thank you again for responding to me on a Sunday.
Paul CPA
 
 
Wow, an email from a real person and not a pre-written response.  That is very refreshing.  I will be sure to recommend this site to others in my field!
Sharon EA
 

Login Form