Identify the Tax Filing Requirements for Bankrupt Tax Payers or Estates!
This session by expert speaker Robert E. McKenzie will enhance your understanding of what pushes a person towards bankruptcy and how this can affect the tax returns you prepare for them and the money they owe to the IRS.
You will learn about the taxation issues raised by bankruptcy, the special rules for taxation of individuals in Chapter 7, 13 & 11, the discharge of indebtedness and the taxes discharged by bankruptcy. Robert will facilitate audience interaction and review filing obligation in Chapter 7, Chapter 11 and Chapter 13. He will also show completed forms 1041 and 982.
This session will further expand your working knowledge and your understanding regarding the specialized area of taxation and tax management dealing with bankruptcy. You will also get to explore more of unusual taxation situations and consequences, and gain access to the tools you can subsequently use to assist your clients.
This session will discuss:
The basics of bankruptcy
The tax filing requirements for bankrupt tax payers
The tax filing requirements of the bankruptcy estate
Special rules for taxation of individuals in Chapter 7, 13 & 11
Discharge of indebtedness and the taxes discharged by bankruptcy
Filing obligation in Chapter 7, Chapter 11 and Chapter 13
How to complete forms 1041 and 982?
NASBA & IRS Category of Study: Taxes
Who Should Attend
This webinar will provide valuable assistance to all personnel in:
Certified Public Accountants (CPAs)
Enrolled Agents (EAs)
Other Tax Preparers
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 nonprofit organizations
Robert E. McKenzie is a Partner of the law firm of Arnstein & Lehr LLP of Chicago, Illinois, concentrating his practice in representation before the Internal Revenue Service and state tax agencies. He has lectured extensively on the subject of tax representation and has presented courses be...