2026 Tax, Bankruptcy, and Financial Problems

Description

EAs and Other Tax Preparers, after passing the exam you MUST click on the link “GET YOUR CERTIFICATE” to have your hours reported to the IRS. 

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.

Learning Objectives
Upon completion of this course, you 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 and badges of fraud.
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.

To complete this course participants need to: Read the material provided and answer chapter review questions, successfully complete the qualified assessment with a minimum of 70% accuracy to receive your certificate. Clicking on the Certificate link will show the course as 100% Complete

A course evaluation form is provided for your feedback and participants have 1 year from the date of purchase/enrollment to complete this course. .

Our Refund policy can be found at: https://cpeprime.com/cancellation-and-refund/