Welcome to the Online Continuing Professional Education for Certified Public Accountants
offered through Santa Clara University, in conjunction with the Accounting CPE Network.
The Accounting Continuing Professional Education Network (ACPEN) is a joint project of state CPA Societies and other affilliated organizations who have a common goal: improving the quality and accessibility of distance learning opportunities available to their members.
Webinar technology has, for some time, been a common offering of many participating ACPEN associations. Combining powerpoint slides delivered via the internet with audio of the instructor, either by telephone or internet, the webinar format allows for the delivery of educational content in a convenient, but visually limited fashion.
The ACPEN network is founded on the use of streaming video content over the internet that provides the participant with live, full motion video of the presenter, high quality audio, along with coordinated powerpoint slides. The ACPEN platform, provided by Business Professionals' Network and its technology partner, BizVision, also allows the end user to fully participate in the webcast by downloading written materials, emailing questions to presenters in real time, making notes in the viewer "notes" area, and emailing those notes to themselves for later use.
ACPEN programming features enhanced production values and formats appropriate to the video medium. Presenters interact with each other as well as you, the ACPEN participant. This delivers an educational experience that is engaging, interesting, as well as professionally rewarding.
It is this unique combination of valuable information delivered using interactive live, video and audio internet technology that define The ACPEN Difference.
The Accounting Continuing Professional Education Network (ACPEN) CPE network, sponsored by State CPA Societies in many states, is dedicated to bringing, highly relevant, interactive, world-class CPE to every CPA in the most convenient and economical ways possible. Founded by four state societies in 1997, ACPEN is now a consortium of nearly 40 state societies.
Since 1998, ACPEN has been owned and managed by Business Professionals' Network, a firm that is responsible for the development of CPE content, management of the network, and that ensures that the satellite and internet technology is and stays at the cutting edge, for the benefit of state societies and their member CPAs. More information about ACPEN course offerings can be found below.
Since 1997, ACPEN programs have covered all of the most important subjects for accounting, tax and financial professionals. This year, you can join the thousands of CPAs across the country who have a reserved seat to one of the most fascinating ways to earn CPE credits available anywhere! In addition to CPE content developed by BPN, increasingly, state societies are taking advantage of webcast technology, adding their content and speakers to the ACPEN offerings.
More information about ACPEN CPE products and technology, can be found in the ACPEN Products section.
New in 2013!The ACPEN Signature Series™ schedule for 2013 is now online! These courses are the flagship CPE events of ACPEN. Signature Series™ courses, beginning in May each year, continue monthly throughout the year. Each showcases important and timely CPE topics, using enhanced production techniques, delivered by panels consisting of national experts, practitioners, and representatives of regulatory and standard setting bodies. To see what courses are included in the Series this year, please click on the ACPEN Signature Series category below. Signature Packages will be available soon along with ouy newly redesigned catalog! |
Length: 8 Hours
CPE Credits: 8
Field of Study 1: Taxes (8 hours)
Program Level (Basic, Update, Intermediate, Advanced, Overview): Intermediate and Update
Prerequisites: None
Advanced Preparation: None
Instructional Delivery Method: Group Internet Based
Course Registration Requirements: Online Registration
Designed For: Public Practice CPAs
Course Developer: ACPEN
Refund/Cancellation Policy: Please contact the ACPEN help desk - 1-800-747-1719 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Complaint Resolution Policy: Please contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement: Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org
Description: What happens, for tax purposes, when a loan is restructured? What about on a foreclosure? Any help for the taxpayer on a mortgage of a principal residence? Tax rules vary widely depending on the type of entity that is the debtor, the business of the debtor, the property involved, whether the debt is recourse or non-recourse and the terms of the transaction. In this all-new ACPEN course, our panelists will explore when a debt is actually cancelled, special rules under Internal Revenue Code Section 108 including those applicable to conversion of partner debt into equity, differences between partnerships and S corporations, purchase price adjustments and acquisitions of debt by related parties.
Participants will receive a review of the rules on debt cancellation in bankruptcy, when the debtor is insolvent, and when the debt is qualified farm indebtedness. Learn how a bankruptcy may be more advantageous than insolvency in the tax context. In addition, our panel of experts will review the rules for the elective exclusion of qualified real property business indebtedness. We will also review and explain the required reduction in tax attributes and available elections. In this complex area, there are traps for the unwary and opportunities for planning!
Major Topics:
When is debt cancelled?
Statute of Limitations
Write-off
Un-collectability
Distinguish disputed debt (liquidated versus un-liquidated debt)
o When a lender has to issue a 1099
o What are the options when you disagree
Special rules under IRC Section 108:
Special rule for qualified principal residence mortgage restructuring
Debt contributed to capital
Debt/equity exchanges
Cancellation of partner debt
Related party debt acquisition
Purchase price adjustments
Deductible expense exception
Debt cancellation traps in loan restructuring:
IRC Section 1001--is there a deemed exchange; are you going to generate COD income?
Installment sales issues
Issues with guaranteed debt
Debt cancellation in bankruptcy:
When does it occur?
How does it occur?
Exceptions – trust fund penalty, fraud, others
Asset exemptions
Overview of bankruptcy
When can taxes be cancelled?
Section 1398 adjustments arising from bankruptcy
The insolvency exception:
Differences between recourse and non-recourse debt
Effect in partnerships
Effect in S corporations
Defining insolvency (Carlson, Johns & Quartemont cases)
Intentionally structuring to trigger capital gains to get a better tax rate.
Section 1017 basis adjustments and special rules outside bankruptcy
Elections
Special Rules on cancellation of farm indebtedness:
Elective exclusion of COD for real estate:
Produced By:
C. Clinton Davis, CPA, JD, is a partner in the Dallas, Texas law firm of Krage & Janvey, LLP. He is a frequent presenter at continuing education programs for both accountants and lawyers, including not-for-profit organizations, partnership and real estate planning. He is the author of Texas Society of Certified Public Accountants (TSCPA) courses, Fundamentals of LLC and Partnership Taxation, and Tax Planning for Real Estate and Small Business. Clint is Board Certified in Tax Law by the Texas Board of Legal Specialization. He represents numerous pass-through and charitable entities. Clint has served as program chair or presenter on several ACPEN programs in the areas of tax, not-for profit and business entities.

* Please be advised that this is not a
Santa Clara University website, but is a website developed and hosted by ACPEN, in conjunction with Santa Clara University.