Divorce Taxation: Practical Issues

$219.00

SKU: 411776

Description

Learn to navigate tax ramifications in divorce cases, avoid pitfalls, and analyze assets to protect clients during distribution and settlements.
Most divorce cases have significant tax ramifications to your client. This topic provides the skills to identify them before they create a problem for you and your client at settlement. We will begin with the recent changes to the tax law and provide a key road map in navigating the numerous pitfalls that may appear in your case. Whether it is when your client may qualify for innocent spouse relief or how to identify the potential for alimony recapture we will teach you analytical thinking as it relates to equitable distribution and identify the potential taxation of certain property as well as an overview of how to identify which assets need further analysis.

Date: 2025-02-07 Start Time: 1:00 PM ET End Time: 2:40 PM ET

Learning Objectives

* You will be able to review dependency deductions and credits.

* You will be able to discuss signing vs. nonsigning of joint tax returns.

* You will be able to explain IRAs and retirement accounts.

* You will be able to identify business valuations.

Critical Topics in Taxation for Family Law
• Taxation of Support
• Lump Sum Alimony and Equitable Distribution
• Taxability of Undifferentiated Support
• Taxation of Alimony and Child Support (Recapture?)
• Dependency Deductions and Credits
• Filing Status – Divorced or Separated Individuals (Head of Household); Same-Sex Marriage
• Signing vs. Nonsigning of Joint Tax Returns
• Deductibility of Interest on Debt in Equitable Distribution

Assets and Liabilities
• Valuation Dates
• Income vs. Cash Flow
• IRAs and Retirement Accounts
• Defined Benefit
• Defined Contribution
• Cash Surrender Value Life Insurance
• Loans and Notes Receivable
• Stock Options
• Litigation Loans
• Income Tax Refunds/Balance Due
• Business Valuations
• Standard of Value
• Valuation Methodology
• Market Approach
• Income Approach
• Asset Approach

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Elgin F. Polo, CPA, ABV, CVA-Forensic Partners USA, LLC