- Credits: 16
- Format: Self-Study eBook
- Field of Study: Federal Tax Law
- Author/Speaker: Danny Santucci
|Program Prerequisites:||General Understanding of Taxation|
|Course ID:||EWTFM-T-01832-21-S | 6233-CE-0548|
|Published Date:||© June 2021|
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.
- 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
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)