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Bankruptcy Questions Answered! (LEGN61F)

Presented By : Robert E. McKenzie
(*) Single User Price. For multiple users please call 1-800-223-8720
Live Webinar
120 minutes
Event Description

Identify the Tax Filing Requirements for Bankrupt Tax Payers or Estates!

What role do you play in your client's bankruptcy?

This session with expert speaker Robert E. McKenzie will deepen your understanding of why a person enters bankruptcy and how it affects the tax returns you prepare for them and the money they owe 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 show a completed 1041 and completed form 982.

This session will expand on your working knowledge and will expose you to the specialized area of taxation and tax management dealing with bankruptcy. You will explore more unusual tax situations or consequences and gain the tools to assist clients.

Learning Objectives

  • Learn the basics of bankruptcy.
  • Identify the tax filing requirements for bankrupt tax payers.
  • Identify 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
  • Learn how to complete forms 1041 and 982

NASBA & IRS Field of Study: Taxes

Level: Basic

Who Should Attend

This webinar will provide valuable assistance to all personnel in:

  • CPAs and Enrolled Agents
  • Finance and Accounting Professionals
  • Accounting and taxation firms
  • Law firms dealing with tax issues
  • Profit businesses involved in joint ventures with nonprofit organizations

At the Q&A session following the live event, ask a question and get a direct response from our knowledgeable speaker.

About Our Speaker(s)

Robert E. Mckenzie, Tax Preparer Training ExpertRobert E. McKenzie
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. He has presented courses before thousands of CPA's, ... More info

Disclaimer: AudioSolutionz, Eli Global, and the Presenters of all programs are part of a continuing legal education provider. The sole purpose of the Provider is to provide educational and informational content. The Provider does not provide legal services or advice, nor do the Presenters. By visiting this Provider, you acknowledge that any use of the Provider does not create an attorney-client relationship between you and the Provider or any of its Presenters. The opinions and views expressed by Presenters do not necessarily represent the opinions and views of the Provider, AudioSolutionz, Eli Global, and should not be construed as such.
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    Event Title: Bankruptcy Questions Answered!
    Presenter(s): Robert E. McKenzie Protection Status