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Canceled Debts CPE Training Course



Course Title: Canceled Debts
Course Version: 7.0
Video Lessons: 24
Subject: Taxes
Online (Single Course): $50 |   
Online (All Courses): Access ALL courses. One price. | 
Multi-User: Need to train multiple people? | 
CPE Credits: CPAs (2) Verify | Enrolled Agents and OTRPs (2)

Course Description

Cancellation of debt can occur in a number of forms including canceled credit card debt, home foreclosure, and cancellation of student loan debt. This video course will examine the federal tax implications related to canceled debts. By the end of this course, you should understand the tax consequences of canceled debts, foreclosures, repossessions, and abandonments for individuals and businesses. Your instructor will use practical, hypothetical real-world examples to further examine these topics and test your knowledge of the most recent tax laws as they apply to cancellation of debts.

Watch, listen and learn as your expert instructor guides you through each lesson step-by-step. During this media-rich learning experience, you will see and hear each lesson just as if your instructor were there with you. Reinforce your learning with the text of our course transcript.

We have incorporated years of classroom training experience and teaching techniques to develop an easy-to-use course that you can customize to meet your personal learning needs. Simply launch the easy-to-use interface, click to start a video lesson or open the transcript and you’re on your way to mastering canceled debts.


Course Syllabus & Sample Lessons

Select any of the video lessons markedfreeto view them in a new window.

CHAPTER 1- Canceled Debts
Lesson 1.1- Chapter One Learning Objectives and Key Terms
Lesson 1.2- Types of Canceled Debt free
Lesson 1.3- General Rules Related to Canceled Debt free
Lesson 1.4- Applicable Entities
Lesson 1.5- About IRS Form 1099-C
Lesson 1.6- Loan Modifications and Stockholder Debt
Lesson 1.7- Resource Debt Compared to Nonrecourse Debt
Lesson 1.8- Rules for Recourse Debts
Lesson 1.9- Rules for Nonrecourse Debts
CHAPTER 2- Foreclosures, Repossessions, and Abandonments
Lesson 2.1- Chapter Two Learning Objectives and Key Terms
Lesson 2.2- Exceptions Related to Student Loans
Lesson 2.3- Other Exceptions
Lesson 2.4- About Exclusions
Lesson 2.5- Bankruptcy Rules
Lesson 2.6- Insolvency Rules
Lesson 2.7- Qualified Farm Indebtedness
Lesson 2.8- Qualified Real Property Indebtedness
Lesson 2.9- Qualified Principal Residence Indebtedness
Lesson 2.10- Reduction of Tax Attributes
CHAPTER 3- Review
Lesson 3.1- Chapter Three Learning Objectives and Key Terms
Lesson 3.2- Rules for Foreclosures and Repossessions
Lesson 3.3- Rules for Abandoned Property
Lesson 3.4- Further Reading
Lesson 3.5- Conclusion

Canceled Debts CPE Training Course Overview

Course includes all video lessons and the instructor’s course transcript, a practice exam with evaluative feedback (find out why your answers are right or wrong), your final exam submission, and a course certificate of completion. The Canceled Debts CPE training course qualifies for continuing education credit for CPAs (Certified Public Accountants) in certain states, Enrolled Agents (EAs) and Other Tax Return Preparers (OTRPs) nation-wide.

At TeachUcomp, Inc., you choose how you want your training delivered.

Online subscriptions offer the most flexibility and value. With online training, you can access your courses anytime and anywhere you have an internet connection (including all new releases and updates). Your subscription grants you instant access to ALL of our courses for one low price. There are no contracts and you can cancel at any time. You may choose between a monthly or annual plan.

Courses are also available individually via one year online for a one-time charge.




TeachUcomp, Inc. is registered with the National Association of State Board 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 submitted to the National Registry of CPE Sponsors through its website:






TeachUcomp, Inc. is an Approved Continuing Education Provider for Enrolled Agents (EAs) and Other Tax Return Preparers (OTRPs) nation-wide. We have entered into an agreement with the Office of Professional Responsibility, Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6 (g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the Office of Professional Responsibility as to the quality of the program or its contribution to the professional competence of the enrolled individual.