Description
Staying up to date on current family law tax changes and child custody laws can assist in advocating for your clients.
In the everchanging face of family dynamics, it can be hard for a family law practitioner to keep up with the changes in relevant case laws, statutes and theory that are changing just as quickly. The 2019 Family Law Updates and National Custody Considerations topic helps family law practitioners both understand and apply the recent changes in the family law arena. In addition, there are numerous tax changes under the Tax Cuts and Jobs Act that impact family law that will also be addressed. Awareness of these changes is critical for family practitioners to best advice and advocate for their clients.
Date: 2019-07-09 Start Time: End Time:
Learning Objectives
Tax Cuts and Jobs Acts Tax Changes in the Context of Family Law
• Suspended Personal Exemptions, Including Dependency Exemptions for Tax Years 2018-2025 (IRC § 151(d)(5)
• Increased Child Tax Credit From $1,000 to $2,000 per Qualifying Child for Taxable Years 2018-2025 (IRC § 24(h))
• Repeal of IRC §§ 71 and 215, Eliminating Tax Deduction for Spousal Support Payor Under a Divorce or Separation Instrument Executed After December 31, 2018
• New Standard Deduction Amount
• Itemized Deductions Subject to 2% Floor Are Suspended Through 2025
• New Deduction for Qualified Business Income
• Tax Cuts for Businesses
National Custody Concerns
• Declaration Under Uniform Jurisdiction and Enforcement Act (UCCJEA)
• Federal Parental Kidnapping Prevention Act (PKPA)
• Issues Involving Custody of Indian Children (ICWA)
• Hague Convention • International Custody Issues
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Erika R. Scheideman-Lagerlof, LLP
