Bankruptcy Tax Issues ON DEMAND

Overview

This detailed online self-study CPE course is designed to provide tax, accounting, and finance professionals with an in-depth understanding of the implications of the Bankruptcy Abuse Prevention and Consumer Protection Act. It covers essential aspects such as the key changes made by the 2005 Bankruptcy Act, the various types of bankruptcy filings, and the qualifications for filing. Participants will benefit from insights into the mechanics of an automatic stay, preferential transfers, claims priority, and the process of discharging debts. The online self-study course also explores the creation and taxation of individual bankruptcy estates, the differences in bankruptcy processes for partnerships and corporations, and the specific rules regarding homesteading and garnishment. By completing this course, participants will be equipped with the knowledge and skills to effectively navigate and advise on the complexities of bankruptcy under the revised legal framework.

Highlights

Federal bankruptcy. Homesteading. Garnishment.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents, and attorneys.

Objectives

Identify changes made by the 2005 Bankruptcy Act, the common types of bankruptcy and filing qualifications. Determine the impact of an automatic stay, the treatment of preferential transfers, the priority of claims, and the discharge of debts. Recognize the creation and taxation of an individual bankruptcy estate specifying partnership & corporate bankruptcy differences. Identify the scope of and special rules for homesteading and garnishment.

Preparation

None.

Notice

None.