Defensive Divorce

  • Credits: 16
  • Format: Self-Study eBook
  • Field of Study: Federal Tax Law
  • Author/Speaker: Danny Santucci
Available Formats:   
Advanced Preparation: None
Experience Level: Overview
Program Prerequisites: General Understanding of Taxation
Course ID: EWTFM-T-01832-21-S | 6233-CE-0548
Published Date: © June 2021
COURSE DESCRIPTION

This course will teach participants how to apply, implement, and evaluate the strategic tax aspects of marital dissolutions and living together arrangements. Current perspectives on property transfers, asset divisions, alimony, filing status, exemptions, and child support are examined with an emphasis on planning considerations. Property settlements, basis allocation, third-party transfers, and purchases between spouses are explored and analyzed. Special attention is given to the division of business interests, retirement plans (including QDROs), insurance policies, and family residence.

Topics include:
  • CHAPTER 1 - Basic Marital Tax Matters
  • CHAPTER 2 - Transfers Incident to Divorce
  • CHAPTER 3 - Alimony & Child Support
  • CHAPTER 4 - Selected Marital Tax Issues Outside Divorce

Learning Objectives:

After reading the course material, you will be able to:

  • Specify multiple tax implications to consider when going through a divorce, and recognize the requirements and effects of filing as married or unmarried.
  • Specify the position of U.S. v. Davis on interspousal transfers and the changes made by §1041, and identify the requirements of §1041 and the scope of its application.
  • Determine “alimony” and “separate maintenance payments” under §71 and their pre- & post-2019 deduction or income treatment under §215.
  • Determine the tax treatment of spousal travel including additional cost limitations and identify the benefits of husband and wife partnerships particularly with regards to Social Security qualification

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Other Tax Return Preparer (OTRP)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA
IRS
CTEC