Webcast
Basic
CPE Credits
1 Credits: Taxes
Course Description
Bankruptcy has major implications for tax returns and the amount of money owed to the Internal Revenue Service. When preparing taxes for individuals in bankruptcy, many layers of complexity are added to an already challenging process. This is made all the more difficult by annual changes to handing bankruptcy in tax returns. Be ready to anticipate tax impacts in a variety of scenarios with this new class from Robert E. McKenzie.
Learning Objectives
Upon completing this course, participants will understand:
- Basics and types of bankruptcy
- Taxation of the individual debtors
- Taxation of bankruptcy estates
- Income from discharge of indebtedness
- Special rules for taxation of individuals in chapter 7 and 11
- Filing obligations
- Coordination of exclusions
- Reduction of debtor’s tax attributes
- Practice Tip- attributes or basis?
Course Specifics
|
Course ID WC1822279389 |
Revision Date February 24, 2022 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01986-22-O
IRS Federal Tax Law Credits: 1
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01986-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1723
CTEC Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-1723
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Robert (Bob) E. McKenzie, EA, Esq., is a partner of the law firm of Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the IRS and state tax agencies. He has lectured extensively on the subject of taxation and has made numerous media appearances, including on Dateline NBC and ABC World News Tonight. Bob has been elected to the American College of Tax Counsel where he serves as secretary/treasurer of its board of regents. Prior to entering private practice, he was employed by the IRS Collection Division in Chicago, Illinois. From 2009–2011, Bob served as a member of the …
Bankruptcy Questions Answered!
CPE CREDITS
1 Credits: Taxes
$49.00
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
Webcast
Basic
CPE Credits
1 Credits: Taxes
Course Description
Bankruptcy has major implications for tax returns and the amount of money owed to the Internal Revenue Service. When preparing taxes for individuals in bankruptcy, many layers of complexity are added to an already challenging process. This is made all the more difficult by annual changes to handing bankruptcy in tax returns. Be ready to anticipate tax impacts in a variety of scenarios with this new class from Robert E. McKenzie.
Learning Objectives
Upon completing this course, participants will understand:
- Basics and types of bankruptcy
- Taxation of the individual debtors
- Taxation of bankruptcy estates
- Income from discharge of indebtedness
- Special rules for taxation of individuals in chapter 7 and 11
- Filing obligations
- Coordination of exclusions
- Reduction of debtor’s tax attributes
- Practice Tip- attributes or basis?
Course Specifics
|
Course ID WC1822279389 |
Revision Date February 24, 2022 |
Prerequisites None |
Advanced Preparation None |
Compliance information
NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01986-22-O
IRS Federal Tax Law Credits: 1
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-01986-22-O
IRS Federal Tax Law Credits: 1
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1723
CTEC Federal Tax Law Credits: 1
CTEC Course Number: 2071-CE-1723
CTEC Federal Tax Law Credits: 1
CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registeration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board.
Course Instructor
Robert (Bob) E. McKenzie, EA, Esq., is a partner of the law firm of Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the IRS and state tax agencies. He has lectured extensively on the subject of taxation and has made numerous media appearances, including on Dateline NBC and ABC World News Tonight. Bob has been elected to the American College of Tax Counsel where he serves as secretary/treasurer of its board of regents. Prior to entering private practice, he was employed by the IRS Collection Division in Chicago, Illinois. From 2009–2011, Bob served as a member of the …
Bankruptcy Questions Answered!
CPE CREDITS
1 Credits: Taxes
Webcasts are available for viewing Monday – Saturday, 8am – 8pm ET.
$49.00