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Dealing with Debt and InterestCode: 25-DEBT
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Course Details
376 pages
Course description and objectives:
This course brings the practitioner up-to-date information on tax issues affecting interest and debt. It covers the definition of bona fide debt, the avoidance of equity and lease treatment, imputed interest rates and debt modification. The various
types of interest and their required allocation are explored and reviewed. For economically troubled client, special attention is devoted to debt cancellation, repossession, discounts, and foreclosure. The program also discusses installment
sales, equity participation debt, taxable interest, and bad debts.
Presentation Method: Self-Study
Category: Taxation
CPE credit: 18 Hours
Program Level: Update
Prerequisites: None
Advance Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase