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Discharging Income Taxes through Bankruptcy

  • AFSP
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • EA
  • Tax Preparer
  • CRTP
  • Course Description
  • Course Qualification
  • Presenter
  • Faq

Course Description

Course Description

Bankruptcy is a legal process available to an individual or business to either eliminate debt or reorganize their debt so they can move forward. Through this process, you may be able to stop foreclosures and repossessions, stop harassing creditor phone calls, stop creditor lawsuits and eliminate debt. 

There are several bankruptcy options that may be filed; Chapter 7, Chapter 11, and Chapter 13 are the most common. Which of these bankruptcy chapters you may be qualified to file depends on many different criteria and questions to be answered.

Since the bankruptcy code has several rules that have to be followed in order to discharge Tax debt.​ The answer to this question should come from someone like tax attorney Larry Heinkel who has helped thousands of people like you since 1983 to make the right decision for their situation. There are several options to eliminate your tax debt, including

  • a payment plan,
  • a settlement via Offer in Compromise (OIC),
  • challenging the actual amount of the liability,
  • discharging the tax debt through bankruptcy. 

This online CPE/CE webinar covers the following key topics:

  • Learn how “older” income taxes can be discharged in bankruptcy. 
  • Learn how an OIC is not always the only (or BEST!) option for the affluent taxpayer. 
  • Learn how to make money and avoid malpractice by advising clients and bankruptcy attorneys when and whether a tax debt can be eliminated through bankruptcy.

Learning Objectives

  • To identify which taxes can be eliminated in bankruptcy and which cannot
  • To recognize about taxes in bankruptcy than most bankruptcy attorneys know
  • To identify various ways of making money and avoid malpractice with clients owing large amounts to IRS.

Recommended For

The IRS-Approved CE course is recommended for CPAs, EAs, AFSPs, CVAs, CFAs, PFS, and Other Tax and Finance Professionals advising their clients over various options for eliminating tax debts.

Who Should Attend?

  • Accountant
  • California Registered Tax Professional
  • Certified Management Accountant
  • Certified Valuation Analysts
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Entrepreneurial CPA
  • Financial Planner
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Personal Financial Specialist (PFS)
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Professionals
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CE Credit of Taxes for Tax Professionals (Approval No. GEHNZ-T-00154-20-O)
  • 1 CPD Credit of Fundamental Financial Planning Concepts for Personal Financial Specialist (PFS)
  • 1 CE Credit of Federal Tax Related Matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00154-20-O)
  • 1 PL Credit for Chartered Financial Analyst (CFA)
  • 1 CPE Credit for Certified Valuation Analyst (CVA)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CPE Credit for Certified Management Accountants (CMA)
  • 1 CE Credit of Federal Tax Related Matters for California Registered Tax Preparers(CRTP) (Approval No. 6273-CE-0165)
  • 1 CE Credit of Taxes for Annual Filing Season Program (AFSP)


About Presenter

Larry Heinkel, LLM

Tax Manager Tax Discharge Determinator

Over 36 years of experience helping individuals and businesses resolve their state and federal tax problems. This can include everything from representing people who have not filed their tax returns for 5, 10, 15 years or longer; companies delinquent in their sales tax or employment tax payments; audits; appeals of adverse audits; tax litigation; minimization of personal tax exposure upon the liquidation or cessation of a business owing payroll tax debts; and “tax bankruptcies” (discharging taxes through bankruptcy).

About Company

Tax Discharge Determinator

We have a team of seasoned tax professionals (attorneys, CPAs, EAs, former IRS Appeals Officer, etc.) who successfully resolve tax problems for people and companies literally worldwide.


FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser ( it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here :
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link :
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review


259 Ratings



Very Good









Brett Thompson, ACCT/BK

Jun 17th, 2020

Great session! It was very interesting to get insight on how to effectively discharge taxes in bankruptcy. The instructor laid out an important and relevant component of this process. I learned skills that I did not know prior to attending this session.


Gerard Levins, Attorney, CPA (US)

Jun 17th, 2020

I love how the instructor reviewed the answers to the polling questions in depth. So many instructors never give us the answers or breeze right through them.


Tuan La, CPA (US)

Jun 17th, 2020

Very informative presentation! The presenter gave excellent advice on which taxes are dischargeable.


Anne-marie Bowen, Attorney

Jun 17th, 2020

This is a great course, taught by Larry- a very knowledgeable teacher. It exceeded my expectations. Thanks, Larry


Frank Colella, Attorney, CPA (US)

Jun 17th, 2020

Excellent information about bankruptcy. I learned a lot today how to represent my taxpayers whether to file bankruptcy or not.

Discharging Income Taxes through Bankruptcy


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