Access the Tools to Optimize the Tax Consequences for Your Bankrupt Clients (or Your Business)
Preparing taxes for individuals in bankruptcy adds an extra layer of complexity to an already-challenging process. Bankruptcy has major implications for tax returns and the amount of money owed to the Internal Revenue Service (IRS). On top of that, how bankruptcy is handled in tax returns changes annually. And failure to anticipate and plan for tax impacts in such scenarios can have unexpected consequences on your clients (or your business).
Learn about the special rules for taxation of individuals in chapters 7, 11, and 13 in this information-packed webinar hosted by taxation lawyer Robert E. McKenzie. McKenzie starts with the basics of bankruptcy and moves on to expand your working knowledge and understanding of bankruptcy as it relates to taxes while also exploring unusual taxation situations and consequences.
Expand your working knowledge and understanding of the tax filing requirements for bankrupt tax payers, tax filing requirements for the bankruptcy estate, and learn how to complete forms 1041 and 982. You will also understand the discharge of indebtedness and taxes discharged by bankruptcy and get to know filing obligations for different bankruptcy protections.
After attending this webinar, you will gain access to the tools you can use to assist your clients better (or optimize your tax consequences as a business owner). Plus, you’ll be more confident in your ability get more clients in the future.
Attend this webinar to learn:
The basics of bankruptcy
Tax filing requirements for bankrupt tax payers
Tax filing requirements of the bankruptcy estate
Special rules for taxation of individuals in chapters 3, 7, and 11
Discharge of indebtedness and the taxes discharged by bankruptcy
Filing obligation under Chapter 7, Chapter 11, and Chapter 13
How to complete forms 1041 and 982
NASBA & IRS Category of Study: Taxes
Who Should Attend
Certified Public Accountants (CPAs)
Enrolled Agents (EAs)
Finance and accounting professionals
Personnel in accounting and taxation firms
Personnel in law firms dealing with tax issues
Profit businesses involved in joint ventures with non-profit organizations
Robert E. McKenzie is a partner of the law firm of Saul Ewing Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the Internal Revenue Service and state agencies. He has lectured extensively on the subject of taxation. He has presented courses before tho...