Cancellation of Debt Income: Section 108 Insolvency, Forms 982 and 1099-C, Reducing Tax Attributes
A live 110-minute CPE webinar with interactive Q&A
This webinar will guide tax advisers through the rules and reporting requirements for cancellation of debt income (CODI). Our panel of income tax veterans will review common scenarios and explain techniques to delay or eliminate taxation of COD income.
- Exceptions to taxation
- Section 108 insolvency
- Qualified personal residence
- Student loan debt
- Qualified real property indebtedness
- Other exceptions
- Partnerships and S corporations
- Reducing tax attributes
- Transfers, sales, and exchanges
- Form 1099-C
- Form 982
- Best practices
The panel will review these and other critical issues:
- The ordering rules for reduction of tax attributes
- What is the exception related to student loans?
- How is insolvency determined for partnerships and S corporations?
- How is Form 982 prepared for qualified personal residence debt relief?
- What considerations are there when real property is relinquished to satisfy a debt?
Robert M. Finkel
Moritt Hock & Hamroff
Mr. Finkel has more than 30 years experience as a tax and business lawyer, with his practice focused on the areas of... | Read More
Mr. Finkel has more than 30 years experience as a tax and business lawyer, with his practice focused on the areas of individual and business taxation including tax controversy and tax litigation. He advises clients on the tax aspects of a wide range of business transactions. Mr. Finkel also advises Israel-based high tech companies on US operations and financings.Close
to be announced.
Early Discount (through 07/02/21)
CPE credit processing is available for an additional fee of $39.
CPE processing must be ordered prior to the event. See NASBA details.