Bankruptcy Tax Guide ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
There are a number of tax issues that debtors must deal with when they file for bankruptcy. This course addresses such matters as tax collections under an automatic stay, the prioritization of tax claims, taxes not discharged in bankruptcy, and the tax effects of debt cancellation - all of which can impact a party that is under bankruptcy protection.
Highlights
Types of bankruptcy. The United States bankruptcy code. Court jurisdiction. Federal tax liens. The individual bankruptcy estate. Tax effects of debt cancellation.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other accounting professionals
Objectives
Recognize when an automatic stay is triggered in a bankruptcy case. Specify the correct tax reporting for a bankruptcy estate. Identify when a bankruptcy filer should report two short tax years. State how debts are settled in the bankruptcy of a partnership.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00