Cancellation of Debt
Credit Hours: 2
Field of Study: Taxes
Requires Prerequisites or Advanced Preparation: No
Delivery Method: Online Video
Instructor: Arthur Reed, MBA, CPA, MST
Upon successful completion of this course participants will be able to understand and apply the concepts from:
- IRS Code Section 61 and Form 982
- The Advocate Service Publication and IRS Form 1099C.
- Bankruptcy and Insolvency - IRS Publication 4681 and Form 982.
- Farming and Business Related Insolvency.
- The Workout Provisions and IRS Publication 4681.
- Ordering Provisions and IRS Publication 4681 and Form 982.
- Basis Attributes and Adjustments and IRS Publication 4681.
- Knowing the rules regarding Student Loans.