Date: September 16th , 2026

Time: 1pm ET | 12pm CT | 11am MT | 10am PT

Duration: 120 Minutes

Description:

Every practitioner eventually faces the client who’s lost a marriage, a home, or the ability to pay their debts and the tax consequences of these events are often just as devastating as the events themselves if mishandled. Bankruptcy, divorce, foreclosure, debt forgiveness, and property repossessions don’t just disrupt your clients’ lives; they trigger a maze of tax rules that can turn an already painful situation into an expensive one. One missed exclusion or misapplied rule under Section 108, 1038, or 166 can cost your client thousands  and cost you your credibility.

This course cuts through that complexity and gives you the tools to protect your clients when it matters most. You’ll work through the real tax treatment of marital dissolution, property transfers, asset divisions, alimony, filing status issues, and child support, then move into the high-stakes territory of debt cancellation, foreclosures, repossessions, and bad debts. You’ll leave knowing exactly how to apply the cancellation of indebtedness income rules, claim every exception available under Section 108, navigate repossession rules under Section 1038, and correctly treat bad debts under Section 166  so you’re the advisor clients turn to, not the one they blame.

Topics Covered:

• Tax issues in divorce and separation.
• Property transfers and asset division.
• Alimony and child support considerations.
• Filing status and dependency issues.
• Cancellation of indebtedness income.
• Foreclosure tax consequences.
• Section 108 exclusions and exceptions.
• Property repossessions under Section 1038.
• Bad debt treatment under Section 166.
• Tax planning during financial hardship

Learning Objectives:

Upon completing this course, attendees will be able to:

• Pinpoint the tax consequences triggered by bankruptcy, divorce, foreclosure, and other debt-related events before they blindside your clients.
• Master the tax treatment of property transfers, asset divisions, alimony, and support arrangements so you never misclassify a payment again.
• Break down cancellation of indebtedness income rules and the exclusions available under Section 108 to keep clients from overpaying the IRS.
• Assess the tax implications of property repossessions and bad debt deductions with confidence, even in the messiest financial situations.
• Deploy proven tax planning strategies that help clients protect their bottom line during life’s most stressful financial and personal setbacks.

Credits and Other information:

• Recommended CPE credit – 2.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 120 minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planner

About Our Speaker

Elan Becker, EA

Founder, Enrolled Agent Concierge

Elan Becker is an Enrolled Agent licensed to practice before the IRS and the founder of Enrolled Agent Concierge, a boutique tax advisory firm built on white-glove service and rapid responsiveness. With more than a decade of experience spanning accounting, auditing, operations, and tax, Elan specializes in tax advisory, compliance, and resolution. He helps entrepreneurs and high-net-worth individuals cut through complex IRS codes and turn the tax system to their advantage, rather than simply react to it.

In his continuing education sessions, Elan favors real-world strategy over academic theory. He breaks down regulatory trends and advanced planning techniques for high-net-worth clients into practical, actionable guidance that tax professionals can apply immediately in their own practices.