Marital Tax Matters (Mini) 2021

  • Credits: 2
  • Format: Self-Study eBook
  • Field of Study: Federal Tax Update
  • Author/Speaker: Danny Santucci, CPA
Course ID: Advanced Preparation: Experience Level:
EWTFM-U-01769-21-S | 6233-CE-0491 None Appropriate for professionals at all organizational levels
Published Date: Program Prerequisites: Other Course Formats:
© February 2021 General Understanding of Federal Income Tax Self-Study eBook
COURSE DESCRIPTION

In this mini-course, initial marital tax matters such as living together, property rights, premarital agreements, filing status, exemptions, and dependents are explored. The detailed support test for children of divorced or separated parents, the tax treatment of back child support, the deduction of divorce costs, and estimated tax payments are reviewed. Emphasis is given to marital property rules, married versus unmarried tax rate comparison, head of a household status, and treatment of refunds and deficiencies.

Topics include:
  • Marital status
  • Joint return
  • Separate returns
  • Head of household
  • Exemptions
  • Divorce costs
  • Withholding & estimated tax
  • Community property states
  • Ending the community
  • Living together

Learning Objectives:

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

  • Identify marital status and the effect marital status has on filing status, cite the tax advantages and disadvantages of filing status and, specify the requirements for filing as head of household and the exemptions associated with spouses and dependents.
  • Recognize the differences between custodial and non-custodial parents including how the status affects dependency, identify the application of special support rules, and specify the dependent child income standards.
  • Determine common law and community property specifying their effect on marital and divorce planning, and identify the circumstances when payments qualify as §71 alimony.

Who Should Attend:
  • All Certified Public Accountants (CPAs)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

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