CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Bankruptcy Tax Issues

Individual
Teams

$58.00$78.00

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Without FlexCast, you must start with enough time to finish. (1 Hr/Credit)

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CPE Credits

2 Credits: Taxes
Course Level
Overview
Format
Self-Study

Course Description

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.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • 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.
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Course Specifics

Course ID
8112082
Revision Date
March 22, 2024
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Number of Pages
64

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02582-24-S
IRS Federal Tax Law Credits: 2
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-0045
CTEC Federal Tax Law Credits: 2

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known …