WHY ATTEND THIS COURSE?
When a business enterprise falls on hard times, the CPA’s knowledge of both tax law and bankruptcy law will be important. Learn how U.S. Code Title 11, US Code (Bankruptcy) interacts with Title 26 (Income Tax). This program includes recent changes to both bankruptcy law and tax law that affect the insolvent taxpayer. Learn how to determine which bankruptcy provisions apply to common situations; the CPA’s role in bankruptcy accounting and tax planning; common tax issues arising before, during, and after bankruptcy; cancellation of indebtedness issues; and options available for reorganizing the troubled enterprise.
Experienced tax practitioners who will be advising clients in financial restructuring, or reorganization in bankruptcy, and those who want to expand their services in this specialized area of tax planning and compliance.
Participants will be able to:
COURSE ACRONYM: TAOB
PRESENTATION METHOD: Group-live
LEVEL OF KNOWLEDGE: Basic
ADVANCE PREPARATION: None
FIELD OF STUDY: Taxes
RECOMMENDED CPE CREDIT: 8 hours
SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.