Bankruptcy Tax Guide (CPE Course)

CPE Credit: 1 hour

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $15

Course Description
There are a number of tax issues that debtors must deal with when they file for bankruptcy. The Bankruptcy Tax Guide course addresses such matters as tax collections under an automatic stay, the prioritization of tax claims, taxes not discharged in bankruptcy, and the tax effects of debt cancellation – all of which can impact a party that is under bankruptcy protection.

Author: Steven Bragg

Course Number: TX1032

IRS Program Number: 72821-T-00068-23-S

Learning Objectives

  • Recognize when an automatic stay is triggered in a bankruptcy case.

  • Specify the correct tax reporting for a bankruptcy estate.

  • Identify when a bankruptcy filer should report two short tax years.

  • State how debts are settled in the bankruptcy of a partnership.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Taxes

Prerequisites: None

Advance Preparation: None

Latest Review Date: January 2024

Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

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AccountingTools, Inc. 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 the 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.nasbaregistry.org.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.