#5065
24 Credit Hours Tax
Online with Downloadable Text

Danny C. Santucci, JD

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 eq-uity and lease treatment, imputed interest rates and debt modification. The
vari-ous types of interest and their required allocation are explored and reviewed. For the economically troubled client,
special attention is devoted to debt cancel-lation, repossession, discounts, and foreclosure. The program also discusses
in-stallment sales, equity participation debt, taxable interest, and bad debts.

Level: Basic

Prerequisites: None