CE for Enrolled Agents and Other Tax Return Prepares

 

CPE247.com llc courses qualify for Enrolled Agent continuing education.
Our Provider Number: #YJ2ER All the courses below are assigned an IRS approved program number. You must have a PTIN number to register for these courses. 
 





 Title  Credit  Format  Price  View
+    YJ2ER E-Interest & Debt 6 Online $39.99 View

This mini-course brings the practitioner information on tax issues affecting interest and debt. The various types of interest and their required allocation are explored and reviewed. For the economically troubled client, special attention is devoted to debt cancellation, repossession, discounts, and foreclosure. The program also discusses installment sales, taxable interest, and bad debts.

 

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

  • * Deductible interest & debt
  • * Nondeductible interest
  • * Below-market interest rate loans
  • * Unstated or imputed interest on sales
  • * Original issue discount (OID)
  • * Allocation of deductible interest
  • * Taxable interest
  • * Installment sales
  • * Debt cancellation & foreclosure
  • * Bad debts

Learning Objectives

After reading the materials, participants will be able to:

  1.  Describe and define “interest,” list its key components, and determine whether the various types of interest are tax deductible or nondeductible.
  2. Deduct interest that is paid or accrued during the tax year applying different methods of accounting, compute the applicable federal rate, show the effects of unstated interest on transactions, and implement the imputed interest rules to debt instruments.
  3. Using the interest allocation rules, determine the allocation period for a loan, differentiate between the allocation of loan proceeds that are deposited in an account and the allocation of loan proceeds received in cash, and arrange loan repayments in the order they are deemed repaid.
  4. Detect when certain distributions commonly referred to as "dividends" are actually interest, and describe the tax treatment of interest that is earned on such items as income on frozen deposits and U.S. Savings Bonds.
  5. Identify an installment sale transaction, apply the installment method, list the three parts of each payment on an installment sale, and summarize the related party sales rules of §453.
  6. List six exceptions to the general income inclusion rule and explain their effect on the taxpayer, and contrast the effects of nonrecourse indebtedness from the effects of recourse indebtedness on foreclosure.
  7. Classify bad debts into basic categories, discuss recovery of nonbusiness bad debts, determine when a business deducts its bad debts from gross income, and conclude which accounting method to apply to business bad debts.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    CPE 2.0 Program - Enrolled Agents Edition 515 Online $199.00 View

The CPE 2.0 program offers you a fast and easy way to earn your CPE credits all year. With this program, you will have access to over 900 hours of CPE credit. Your package is valid for one year upon activation to earn as many credits as needed to meet your CPE requirement.



The CPE 2.0 Program is Continuing Education the Way It Should Be. 
We have simplified our program with a 1,2,3, approach, pioneering the new way to meet your CPE needs.

  1. Select your course
  2. Complete the easy-access online exam
  3. Print your certificate instantly online.

By following these three easy steps you can complete your CPE in no time! Get started today, and take advantage of our 100% money back guarantee*.

 


The 1,2,3 Approach.

1.The CPE 2.0 program gives you access to over 100 courses for one low price.

Topics include:

  • Taxation
  • Accounting
  • Auditing
  • International accounting
  • Personal development
  • Business management


2. All of the courses in the CPE 2.0 program are available immediately online, including the courses study guide, review questions, and the final exam. To complete your course, simply review the study guide and complete the easy-access online exam.

3. Once you have passed the exam, your certificate is instantly available to print for your records; you also receive an email with your certificate. In addition, as part of our services, your certificates and course records are stored and accessible from your online account, 24 hours a day, 7 days a week, indefinitely.

* Our money back guarantee allows you to try up to 10hrs  with in the first 60 days. Within 60 days, if you are not satisfied, you may cancel and receive a full refund. No questions asked!

CPE247.com Registry # 115738 is 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.learningmarket.org.

 

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER - A Guide To Tax Resolution: Solving IRS Problems 10 Online $69.99 View

Tax resolution means providing solutions to businesses and individuals alike who find themselves in trouble with the IRS. To resolve tax matters with the IRS, the IRS’ Offer in Compromise (OIC) program encourages delinquent taxpayers to settle their back taxes—-often for pennies on the dollar. This course covers other options to explore. The areas to be covered are: Offers in Compromise, Wage Garnishments, Bankruptcy, Installment, Delinquent Tax Returns, IRS Bank Levies, Freedom of Information Requests, IRS Payment Plans, Payroll Tax Problems, IRS Audits, Penalty Abatement, Liens, Collection Appeals, IRS Appeals, Innocent Spouse and Expiration of Statutes.  The course also contains step-by-step information needed in order to prepare a complete and accurate Offer in Compromise (Form 656) (rev. 2-2007), 433-A (rev. 1-2008), and 433-B (rev. 1-2008). The Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) is summarized. This course can help hundreds of individuals and business with their IRS collection problems.

Click Here to view course objectives

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER- E-“Fiscal Cliff” Legislation - American Taxpayer Relief Act of 2012 - HR 8 3 Online $49.99 View

“Fiscal Cliff” Legislation-  (American Taxpayer Relief Act of 2012 - HR 8)

On January 2, 2013, President Obama signed the American Taxpayer Relief Act of 2012 (ATRA) into law. Although ATRA raised income taxes for high-income individuals, it avoided tax rate increases for middle income taxpayers. ATRA also made many extensions of or modifications to existing law. In other instances, it reinstated many provisions for 2012 that were about to expire and extended them through 2013 and, in a few cases beyond.

This course is an overview providing reference to selected individual, energy business, retirement, and estate tax provisions enacted or indexed for inflation by ATRA. The resulting major tax changes carry special meaning to the tax practitioner and return preparer. The course is intended to be a resource for tax professionals and staff alike to gain easy access to the most important major changes enacted by ATRA.

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

  • Tax bracket modifications and changes
  • Individual & business tax credits
  • Deduction limitations
  • Education credits
  • Energy credit extensions
  • Reinstated business credits
  • Retirement plan contribution and phaseout limits
  • Estate & gift tax developments


Learning Objectives

After reading the materials, participants will be able to:

  1. Apply changes imposed by the American Taxpayer Relief Act of 2012 (ATRA) relating to individual income taxes by identifying modified tax rates, examining AMT phaseout limits, and explaining the how tax credits and deductions work, including education, adoption, and energy credits.
  2. Analyze key ATRA business provisions, including bonus depreciation, expensing, the work opportunity credit, leasehold and restaurant property improvements, FICA and SECA taxes, and S corporation developments.
  3. Differentiate retirement plans and how they were affected by ATRA, including contribution limits and phaseout limits. Discuss the implications of changes to estate, generation-skipping transfer, and gift taxes and apply them to various affected scenarios.

 

 

 

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER-1040 Workshop 29 Online $189.00 View

 

Designed to make the practitioner comfortable with “high traffic” issues, this program enables participants to discuss and handle individual tax essentials. The course examines and explains the practical aspects of return preparation and individual planning, bridging the gap between theory and application. Significant new developments are summarized with emphasis on tax savings ideas. Practical applications and illustrations are used to systematically explore tax deferral, reduction, and elimination opportunities accompanying return preparation. For example, the analysis of gross income is discussed together with income splitting techniques; property transactions are examined alongside like-kind exchanges and involuntary conversions. The result is an extraordinary blend of the latest developments affecting individual returns and their related planning ideas.

Course Objectives

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER -2012-2008 Statutory Review 18 Online $129.00 View

During 2008, 2009, 2010, 2011 and mid 2012, Congress produced massive legislation to “jumpstart” the economy. This course presents the main tax provisions of seven Congressional Acts passed and enacted during this critical time. Included in these Acts are provisions for agriculture, conservation, energy, housing, and individual and business tax credits and deductions. These Acts impact taxation of individual taxpayers, farmers, servicemen and women, small business owners, and large corporations. No one is left out of this package!

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER-Partnership Taxation 13 Online $89.00 View

The program will examine tax issues relating to the formation and operation of partnerships. Participants will gain a familiarity with basic areas of partnership taxation so as to recognize a problem and have at hand some practical knowledge for its solution. This course is presented in four practical segments: (1) the formation of partnerships, (2) the basic day-to-day operations of partnerships, (3) distributions of assets to partners, and (4) the termination of partnership affairs.

Course Level: Overview. This program is appropriate for professionals at all organizational levels.  
Field of Study: Taxes 
Prerequisite: General understanding of federal income taxation. 
Advanced Preparation: None
Passing Percentage: 70%

Click Here For Course Objectives

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER -U-Guide to Federal Corporate & Individual Taxation 35 Online $199.00 View

Designed to make the practitioner comfortable with “high traffic” issues, this program enables participants to discuss and handle business/personal tax essentials. The course examines and explains the practical aspects of individual & corporate planning, bridging the gap between theory and application. Significant new developments are summarized with emphasis on tax savings ideas. This course examines and explains the practical aspects of using the closely held corporation to maximize after-tax return on business operations. Recent developments giving corporations a competitive edge over other entities are explored and detailed. Practitioners are alerted to often missed fringe benefits, retirement planning opportunities, corporate business deductions, income splitting possibilities and little known estate planning techniques.

Course Level: Overview. This program is appropriate for professionals at all organizational levels.  
Field of Study: Taxes 
Prerequisite: General understanding of federal income taxation. 
Advanced Preparation: None
Passing Percentage: 70%

Click Here For Course Objectives

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER-U-Corporate Tax Planning 21 Online $179.00 View

This course examines and explains the practical aspects of using the closely held corporation to maximize after-tax return on business operations. Recent developments giving corporations a competitive edge over other entities are explored and detailed. Practitioners are alerted to often missed fringe benefits, retirement planning opportunities, corporate business deductions, income splitting possibilities and little known estate planning techniques. The program covers step-by-step tax procedures to form, operate, and ultimately dispose of a closely held corporation. Distinctions between S and C corporations will be unraveled and guidelines for client direction given.

Course Level: Overview. This program is appropriate for professionals at all organizational levels.  
Field of Study: Taxes 
Prerequisite: General understanding of federal income taxation. 
Advanced Preparation: None

Passing Percentage: 70%
 

Please Click Here For Course Objectives

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER-U-Business Taxation 24 Online $179.00 View

Americans who want to be their own boss are not entirely on their own. They have a rich uncle - Uncle Sam - who is there to help, as well as to make demands. The nation's tax laws are intended to encourage people to start new businesses and are chock full of incentives and tax breaks, as well as sometimes onerous reporting requirements.

This course is a fast-paced and entertaining guide through tax issues affecting business entities and their owners. The focus of this class is on tax devices and techniques available to the small-business owner. Emphasis will be given to operational deductions, fringe benefits, compensation, family income splitting, retirement plans, and estate planning.

Course Level: Overview. This program is appropriate for professionals at all organizational levels.  
Field of Study: Taxes 
Prerequisite: General understanding of federal income taxation. 
Advanced Preparation: None
Passing Percentage: 70%

Click Here For Course Objectives

 

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER -E-Guide to Assets, Income & Cash 3 Online $29.99 View

3 CPE Credits

Comming soon

This course integrates federal taxation with overall financial planning. The course explores tax strategies relating to the central financial tactics of wealth building, capital preservation, and estate distribution. The result is a unified explanation of tax-economics that will permit the tax professional to locate, analyze, and solve financial concerns. Designed to improve the quality of services to clients and the profitability of engagements, this program projects the accountant into the world of financial planning.

Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided.

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

  • Comparing goals and purposes
  • Investment goals and retirement planning
  • Building an estate
  • Section 1031 “like kind” exchanges
  • Retirement plans
  • Tax credits and estimated taxes
  • Basic deductions
  • Income splitting
  • Elimination
  • Fringe benefits

Learning Objectives:

After reading the materials, participants will be able to:

  • Critique investment purposes and retirement misconceptions, and assist clients in implementing the five-step retirement process and in identifying the three basic elements of investment planning.
  • Identify four types of income, from a tax perspective, to be budgeted into cash so that income-producing assets can be acquired and managed for an effective investment plan.
  • Discover at least three means of achieving tax deferral, including like-kind exchanges, retirement plans and installment sales, and realize a double financial benefit of not only tax postponement like an "interest-free loan" but even possible tax elimination.
  • Illustrate how to use tax credits, estimated taxes, and basic deductions to effectively reduce federal income tax and thereby increase discretionary income for investment purposes.
  • Explain six major formats for income splitting that can benefit taxpayers by lowering overall taxes as a unit and permitting wealth and tax allocation among individuals or entities.
  • Use the benefits of the $500,000 home sales exclusion, municipal bonds, divorce and separation settlements, gifts and inheritances, life insurance, fringe benefits, and Social Security to eliminate tax on realized gain and ordinary income.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER-E-American Recovery & Reinvestment Act of 2009 4 Online $49.99 View

This course focuses on key tax provisions enacted under the $800 billion American Recovery and Reinvestment Act of 2009 by analyzing tax issues affecting individuals and businesses contained in this first installment of President Obama’s massive economic and recovery agenda. Individual provisions included a new "making work pay” tax credit, an AMT patch, a sales tax deduction, tax credits for education and first-time homebuyers and enhanced tax benefits for energy efficient improvements to homes. Business provisions included the treatment of such issues as extended bonus depreciation, a limited five-year net operating loss carryback period, small business expensing and capital gains, estimated tax payments, and COBRA coverage. In addition, the course discusses new energy incentives and changes made to former energy regulations.

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

  • At the start of the materials, participants should identify the following topics for study:
  • “Making Work Pay” Tax Credit
  • “American Opportunity” Education Tax Credit
  • Modified Homebuyer Credit
  • AMT Patch for Individuals
  • Extension of Bonus Depreciation
  • Extension of Enhanced Small Business Expensing
  • 5-Year Carryback of Net Operating Losses
  • Delayed Recognition of Certain Cancellation of Debt Income
  • Tax Credits for Energy-Efficient Improvements to Existing Homes
  • Advanced Energy Investment Credit

Objectives:

After reading the materials, participants will able to:

  • Analyze and apply the individual tax provisions of the American Recovery and Reinvestment Act of 2009 (“Act”) by:
    Determining and claiming the “Making Work Pay’ tax credit, the economic recovery payment to Social Security and SSI recipients and the EITC;
    Listing and describing Act modifications to the 2008 Stabilization Act child tax credit provisions, the Hope credit (renamed the American Opportunity tax credit), tuition saving accounts, the homebuyer tax credit and the low-income housing tax credit; and
    Accounting for and computing 2009 unemployment compensation taxation, allowable qualified motor vehicle deductions, and 2009 individual AMT exemption amounts.
  • Analyze and apply the business tax provisions of the American Recovery and Reinvestment Act of 2009 (“Act”) by:
    Discussing three changes bonus depreciation provision (§168(k)), listing dollar caps for vehicles, and identifying a special election for corporations;
    Explaining extended §179 expensing, revised net operating loss provisions; estimated tax payments for small businesses, category additions to the work opportunity credit, and employer-provided transit and vanpool benefits under the Act;
    Evaluating the impact of Congress's legislative response to Notice 2008-83, the new cancellation of indebtedness income election, the §1202 small business stock percentage exclusion, the reduced holding period for §1374 assets and the new markets tax credit; and
    Listing and advising clients as to the new COBRA requirements, delayed implementation 3% government contractor withholding and expand the definition of industrial development bonds.
  • Analyze and apply the energy provisions of the American Recovery and Reinvestment Act of 2009 (“Act”) by:
    Discussing the tax benefits, limitations, and requirements of credits for energy property (specifically including solar electric and water heating property), alternative fuel refueling property, electric drive motor vehicles, renewable energy production, and advanced energy manufacturing projects.
    Determining when an investment tax credit can be taken in lieu of the production tax credit; and
    Compare and contrast prior law with the Act's expanded program for clean renewable energy bonds and qualified energy conservation bonds.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER- E-Asset Protection 18 Online $29.99 View

2 Credits

he current litigation explosion has created tremendous interest in asset protection. Not only does this area have financial and estate aspects but it directly impacts tax planning.

This mini-course is designed to survey opportunities for asset protection that can arise during tax planning and to determine how to properly report such transactions.

 

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

  • At the start of the materials, participants should identify the following topics for study:
  • Basic protection concepts & fraudulent transfers
  • Insurance
  • Individual titles and sole proprietorship
  • Corporations
  • Trusts
  • Co-tenancies
  • Partnerships
  • Limited liability companies
  • Marital property & separate property
  • Premarital & post-nuptial agreements

Learning Objectives

After reading the materials, participants will be able to:

  1. Clear up misconceptions about and state the main reasons for asset protection, warn clients about fraudulent transfers and structure asset protection planning transfers so that they are not fraudulent, help your client with setting goals associated with undertaking asset protection measures, and explain how life insurance can be used as an asset protection vehicle.
  2. Advise your clients on how the various types of entities relate to asset protection and how the various types of joint ownership of property and various trusts directly impacts asset protection and tax liability.
  3. Distinguish between the concepts of common law property, community property, and equitable and which states base distribution laws on those concepts, apply asset division principles, and demonstrate a working knowledge of premarital and post-nuptial agreements and how they can be used to advise clients on individual asset protection.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER-E-Deductions - Auto Rules 2 Online $29.99 View

2 Credits

Operating costs for vehicles used in the course of a taxpayer’s business are deductible. Thus, when taxpayers use their vehicles in their businesses or employment, they can deduct that portion of the cost of operating their vehicle. Such costs that can be deducted are property taxes that are paid on their vehicle if deductions are itemized on Schedule A. This mini-course reviews apportionment of personal and business use, the actual cost method and the standard mileage method, and expensing. Moreover, this presentation informs practitioners about topics such as the benefits and costs of leasing versus owning, and working condition fringe benefits.

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

  • Apportionment of personal & business use
  • Deduction limitations using actual cost method
  • Expensing - §179
  • Predominate business use rule
  • Auto leasing
  • Standard mileage method
  • Auto trade-in vs. sale
  • Employer-provided automobile
  • Nonpersonal use vehicle
  • Reporting of employer-provided automobile

Learning Objectives

After reading the materials, participants will be able to:

  1. Identify and implement various tax vehicle depreciation (§168) and expensing (§179) methods describing their requirements and limitations under MACRS and make basis, business use and deduction computations.
  2. Explain the predominate business use rule emphasizing the result of less than 50% qualified business use, name the pros and cons of auto leasing and calculate monthly lease payments indicating what factors affect payments so clients may financially analyze leasing and know common leasing terms.
  3. Review items included under the standard mileage method distinguishing items that may be separately deducted, determine the taxable fringe benefit value of an employer provided automobile using the general and special valuation methods ands list several qualified nonpersonal use vehicles discussing what reporting standards apply.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies

+    YJ2ER-E-Bankruptcy Tax Issues 2 Online $29.99 View

 

The Bankruptcy Abuse Prevention and Consumer Protection Act was enacted to minimize abuse of the bankruptcy system. Included in this Act were tax law changes and other changes that individuals, partnerships, and corporations will see in the bankruptcy procedures and qualifications. This mini-course both examines these changes that debtors will face when filing for federal bankruptcy and also explores the many tax issues of bankruptcy. Practitioners will also learn about other issues such as homesteading and garnishment by creditors.

 

 

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

  • Tax law changes
  • Bankruptcy types
  • Automatic stay
  • Preferences
  • Priorities
  • Debt discharge
  • Individual bankruptcy estate
  • Individual debtor
  • Corporate bankruptcy
  • Homesteading & garnishment

Learning Objectives

After reading the materials, participants will be able to:

  1. Analyze the 2005 Bankruptcy Act by identifying changes to bankruptcy procedures and qualifications comparing the three most common types of bankruptcy filings and select the appropriate bankruptcy filing using a debtor’s status as an individual or business and their ability to pay off creditors.
  2. Explain the scope of the automatic stay, the recoupment preferential transfers, and the priority of creditor claims categorizing dischargeable and nondischargeable debts based on bankruptcy filing.
  3. Outline the creation of a separate individual bankruptcy estate determining its taxable income, appropriate deductions, and special tax year elections and contrast individual with partnership and corporate bankruptcy comparing filing bankruptcy requirements, debt discharge and asset liquidations including reorganizations.
  4. Describe the purpose of homestead laws and available homestead types including the degree of homeowner protection afforded and identify the special rules, terms, and application of garnishment laws.

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants :
Any CPA looking to maintain or enhance their professional competence

Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancelation and record retention policies