Dealing With Debt and Interest 2023
4612023 18

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.

Additional Course Details

  • Filed of Study: Taxation
  • Author: Danny Santucci
  • Course Level: Overview
  • Pre-Requisites: General Understanding of Federal Income Taxation
    • None
  • Interactive: Yes
  • Enrolled Agent: Yes
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