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Author: |
Elan Becker, Enrolled Agent (EA) |
Course Length: |
Pages: 3 ||| Review Questions: 6 ||| Final Exam Questions: 10 |
CPE Credits: |
2.0 |
IRS Credits: |
2 |
Price: |
$29.95 |
Passing Score: |
70% |
Course Type: |
Video - IRS Enrolled Agents |
Technical Designation: |
Technical |
Field Of Study: |
Taxes |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
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Frequently Asked Questions: |
1. Who is this course for? This 2.0-credit CPE video course is designed for CPAs, accountants, IRS Enrolled Agents, and tax professionals who advise clients facing bankruptcy, divorce, foreclosure, debt cancellation, and other financial hardships. 2. What is this course about or what problem does this course solve? This course explains tax consequences and planning strategies involving divorce and separation, property transfers, alimony, child support, cancellation of indebtedness income, foreclosure, property repossessions, and bad debt deductions, including IRC Sections 108, 1038, and 166. 3. Where can the knowledge from this course be used? The knowledge can be applied in tax preparation, tax advisory, and client financial planning engagements involving divorce settlements, bankruptcy proceedings, foreclosure transactions, debt forgiveness, asset divisions, and property repossessions. 4. Why is this course important to a CPA, Accountant, or IRS Enrolled Agent? This course helps tax professionals identify tax liabilities, evaluate applicable exclusions and deductions, and develop tax planning strategies to assist clients experiencing financial or personal setbacks while earning 2.0 CPE credits and 2 IRS credits. 5. When is this course relevant or timely? Released in 2026, this course is relevant when advising clients undergoing divorce, bankruptcy, foreclosure, debt restructuring, or financial hardship, particularly when evaluating cancellation of indebtedness income, property transfers, and related tax consequences. 6. How is a course like this consumed or used? This course is delivered as a self-study video with no prerequisites or advance preparation, allowing participants to study the material and earn 2.0 CPE credits and 2 IRS credits by passing a 10-question final examination with a minimum score of 70% within one year of purchase. |
Description: |
Core Focus Areas: This course focuses on:
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Usage Rank: |
0 |
Release: |
2026 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: Tax, Bankruptcy, and Financial Problems - v15 | Bankruptcy, Debt Cancellation, and Foreclosure CPE Course
Internal: Family Tax Planning - Mini Course | Divorce, Property Settlements, and Tax Strategies
External: IRS Publication 4681 - Canceled Debts, Foreclosures, Repossessions, and Abandonments
External: IRS Publication 504 - Divorced or Separated Individuals and Federal Tax Treatment
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
05-Nov-2026 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Tax Strategies for Bankruptcy, Divorce, Foreclosure, and Debt Issues (Video) - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives After completing this course, participants will be able to:
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Course Contents: |
Chapter 1 - Tax Strategies for Bankruptcy, Divorce, Foreclosure, and Debt Issues Chapter 1 Review Questions Glossary of Key Terms |
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