Merchandise Details
2014 Virtual Fall Workshop Taxes in Bankruptcy (Recording)
Member Price$99.00
Non-Member Price$349.00
Merchandise Description

Taxes in Bankruptcy

Thursday, November 20, 2014
12:00 PM - 3:00 PM Eastern Time / 9:00 AM – 12:00 PM Pacific Time

Friday, November 21, 2014
12:00 PM - 3:00 PM Eastern Time / 9:00 AM – 12:00 PM Pacific Time


1. Basic Tax Rules and Concepts Along with Recent Developments and Forthcoming Tsunamis – Part I [120 min]
by Mark Segal

  • Rules for discharging taxes in bankruptcy
  • IRS tax liens
  • Bars to – or delays of – dischargeability: tolling issues
  • IRS transcripts – getting the information you need
  • Tax planning thoughts

2. Phantom Real Property Gains and Cancellation of Debt Income [60 min]
by Jeffrey Wong

  • Real property tax bombs
  • Pros and cons of cancellation of debt income and capital gain
  • Capital gains: the amount realized
  • Sales v. surrenders
  • Cancellation of debt income - why, who, what, and when
  • Effect of state anti-deficiency laws
  • Cancellation of debt exclusions – 26 U.S.C. § 108
  • Understanding forms 1099-A and 1099-C
  • Form 982
  • Timing of filing the bankruptcy case

Friday, November 21, 2014
12:00 PM - 3:00 PM Eastern Time / 9:00 AM – 12:00 PM Pacific Time

3. Other tax issues [60 min]
by Kent Anderson

  • Circular 230 issues (e.g., 2848 – representing client before IRS);
  • Practitioner Tax Identification Numbers (PTINs)
  • Short year tax election
  • Innocent or injured spouse, what’s the difference?
  • IRS penalties
  • Audits
  • Information Document Request
  • Summons
  • Tax court litigation
  • IRS appeals
  • IRS liens and levies

4. Recent Developments [20 min]
by Tara Twomey

  • Plan provisions regarding taxes
  • Recent case law developments, including McCoy, SFR and post-SFR-filed returns, (law of each Circuit reviewed)

5. Alternatives to bankruptcy for resolution of taxes [25 min]
by Kent Anderson

  • State and federal settlement offers
  • Installment agreements
  • Partial pay installment agreements
  • Uncollectible status

6. Offer in Compromise – Step by Step [60 min]
by Kent Anderson

  • Preparation of the client
  • Grounds for Offer
  • Fresh Start Initiative
  • Filling out the forms
  • CDP Hearing
  • OIC Appeal in IRS Appeals Office


Technology Minimum System Requirements

  • Your computer should have a 500 MHz or higher processor and at least 128 mb of RAM
  • A connection to the Internet of at least 700 kbps is highly recommended, and most people now have connections at that speed or faster. Check your speed now (or go to
  • Course materials are delivered in PDF format. You will need a recent version of Adobe Reader. Free Download here:
  • Tablets and iOS devices will need a web browser and a high speed wi-fi connection. Our video is encoded HTML5 compliant x264 format which will play on any contemporary device with sufficient bandwidth.
  • You will also need a sound card and speakers, and a current web browser
  • You will receive a confirmation and instructions to view the virtual Fall Workshop via email upon registration.

Questions? Please call 800-499-9040 or e-mail