When a business enterprise falls on hard times, the CPA’s knowledge of both tax law and bankruptcy law will be important. Learn how Title 11, U.S. Code (Bankruptcy) interacts with Title 26 (Income Tax). This seminar includes recent changes to both bankruptcy law and tax law that affect the insolvent taxpayer. Learn how to determine which bankruptcy provisions apply to common situations, the CPA’s role in bankruptcy accounting and tax planning, common tax issues arising before and during bankruptcy, cancellation of indebtedness issues and options available for reorganizing the troubled enterprise.