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Tax Guide to Interest and Debt#490718

This course has been archived and cannot be purchased.

Credit
Amount
CPA
2
EA / OTRP
2

Course Description

Course publication/revision date: This course was updated on 3/13/2018 (covers 2018 tax year, including 2018 inflation adjustments, which were changed by the IRS on 3/5/18).

This mini-course brings the practitioner information on tax issues affecting interest and debt. The various types of interest and their required allocation are explored and reviewed. For the economically troubled client, special attention is devoted to debt cancellation, repossession, discounts, and foreclosure. The program also discusses installment sales, taxable interest, and bad debts.