Eliminating Tax Liabilities Through Bankruptcy (Completed)
Date: Monday, July 14, 2025
Instructor: Lippes Mathias, Gary P. Bluestein
| Begin Time: |
11:00am Pacific Time
12:00pm Mountain Time
1:00pm Central Time
2:00pm Eastern Time |
| CPE Credit: |
2 hours for CPAs |
|
Bankruptcy is an incredibly powerful tool in dealing with both personal and business tax liabilities. By having the basic knowledge of what bankruptcy can do in relation to taxes, accountants can significantly help their clients and assist bankruptcy lawyers, who will often be far less competent than accountants in addressing tax issues. This course will explain the types of bankruptcies that are available and how to deal with the IRS and State taxing authorities in discharging tax liabilities through the bankruptcy process. The nuances and pitfalls in dealing with tax issues in bankruptcy will be discussed.
Who Should Attend
Accountants, tax attorneys and bankruptcy attorneys
Topics Covered
- Review the various types of bankruptcies available
- How to utilize each of them to address and potentially eliminate tax liabilities
Learning Objectives
- Identify what type of taxes can be discharged(eliminated) in bankruptcy
- Identify what the various timing requirements are to discharge taxes
- Identify the pros and cons of each type of bankruptcy
Level
Overview
Instructional Method
Group: Internet-based
NASBA Field of Study
Specialized Knowledge and Applications (2 hours)
Program Prerequisites
None
Advance Preparation
None
