Taxing Divorce Issues: Before, During, and After (Half-Day Webinar)

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This course will explain the importance of working with and advising our clients on tax related divorce issues. We will discuss filing status, name change, joint & separate responsibility & liability. We will explore dependents and associated tax credits. Analyze retirement plans, alimony, child support, property settlements, allocating estimated tax payments, NOLs, and Capital Loss carryovers. Plus, other unique tax matters; splitting stock options, basis of property received in divorce including the deductibility of interest on financing to buy out a spouse, obligations to split income and expenses if filing separately in a community property state, and handling joint federal tax liabilities after divorce.

Who Should Attend
All Tax Professionals who have clients with pending or recently finalized divorces. In addition, tax professionals looking to add value to their practice by adding divorce planning.

Topics Covered

• Divorce
• Basis of property in divorce
• Filing status
• Claiming dependents
• Alimony
• Stock Options
• IRS tax collections

Learning Objectives

• Assist with Tax Planning for Divorce
• Identify Conflicts of Interest Issues
• Explain Innocent Spouse Issues
• Examine critical issues encompassing Form 8332
• Notifying clients of Beneficiary Changes, Name, Address, and W-4 Changes
• Scrutinize the difference between custodial and non-custodial parents
• Assess credits associated with dependents
• Review correct filing status
• Understand assets, income & expenses incident to divorce

Level
Overview

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (4 hours)

Program Prerequisites
None

Advance Preparation
None