Taxing Divorce Issues: Before, During, and After
Author: A.J. Reynolds, Jane Ryder
| CPE Credit: |
4 hours for CPAs
4 hours Federal Tax Related for EAs and OTRPs
4 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2028 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
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.
Publication Date: June 2025
Designed For
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 Overview
- Documents, Checklists & Planning
- Asset split
- Custodial vs non-custodial
- Innocent Spouse
- Case Studies
- IRC 121
- Alimony & Child Support
- Filing Status
- Exemptions
- Form 8332
- Various Other Issues
- Social Security
- Handout
Learning Objectives
- Explain Tax Planning for Divorce
- Identify Conflicts of Interest Issues
- Explain Innocent Spouse Issues
- State critical issues encompassing Form 8332
- State how to notify clients of Beneficiary Changes, Name, Address, and W-4 Changes
- Explain the difference between custodial and non-custodial parents
- Explain credits associated with dependents
- Indicate correct filing status
- Describe assets, income & expenses incident to divorce
Level
Overview
Instructional Method
Self-Study
NASBA Field of Study
Taxes (4 hours)
Program Prerequisites
None
Advance Preparation
None
