Course Name: Dealing with Debt and Interest
CPE Credits: 20 credits
IRS Credits: 20 credits
Type: Text/PDF (Downloadable)
Exam: Passing grade (70%)
Price: $180 $90
Description:
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 the 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.