Cart empty

Fast, Easy and Affordable Continuing Education for Accountants!

Our Amazing Sales & Support: 888-398-8540

Tax Bankruptcy and Financial Problems 2021 - 3 CPE Credit Hours

Email
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 is-sues affecting estate planning and business issues.
No image set
$8.95
Download

Tax Bankruptcy and Financial Problems 2021 - 3 CPE

tax_bankruptcy_and_financial_problems_2021_3_cpe_fe_na.pdf
Price: No additional charge

Manufacturer: Santucci

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.

Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided.

Course Level: Overview. This program is appropriate for professionals at all organizational levels.

Field of Study: Taxes

Prerequisite: General understanding of federal income taxation.

Advanced Preparation: None

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

* Federal bankruptcy

* Marital property settlements - §1041

* Asset protection

* Medical costs -§213

* Casualty & theft losses - §165

* Debt cancellation & foreclosure, repossession & bad debts

* Elderly & disabled planning

* Catastrophic illness & healthcare decisions

* Supplemental security income & disability benefits

* Estate planning & primary dispositive plans

Learning Objectives

After reading the materials, participants will be able to:

1. Identify common types of bankruptcy filings and related provisions that impact individual or business filings.

2. Specify marital property transfers and 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.

After studying the materials, answer the exam questions 1 to 15.

Reviews

There are yet no reviews for this product.
The 7 Irrefutable Rules of Small Business Growth - 20 CPE Credit Hours
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. 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 Hours
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. 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
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. 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
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. 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
$99 Unlimited CPE Subscription
$99.00
Our $99 Unlimited CPE Subscription includes 365 Days of Online access to all of the Accounting CPE Credits you need. Subscribers can access discounted Ethics for less than $10/course!

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, PA, RI, TX, UT, VT, VA, WA, WI, WY

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 very much. Appreciate your prompt response. Have a great day.
Linda CPA
 
 
Thank you again for responding to me on a Sunday.
Paul CPA
 

Login Form

If you see "invalid token" please press ctrl+shift+R and then login again. (you can Click Here for an explanation)