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| Divorce Tax Planning (140522N) |
Course CPE: 2 hours
Field(s) of Study: Accounting–2 hrs
Program Level: Overview
Prerequisites: None required. These overview programs may be appropriate for professionals at all organizational levels.
Advanced Preparation: None
Delivery Method: Self-Study |
Item
Number: 14PFF0522
Shipping Weight: 0lbs. 0oz. |
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$147.00 |
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Recording Date: May 22, 2014
Presenter: Elizabeth Carlson
Program Description:
This webinar examines specific strategic tax issues in divorce and how to implement them as well as issues involving filing status and exemptions. Some of the topics that will covered in this webinar include property transfers, settlements, and asset divisions; issues involving the family residence; calculation of income for alimony and child support; division of business interests and retirement plans; plus other basis allocations.
The webinar examines some strategic tax issues in divorce and how to implement them. Selected topics include:
- Property transfers, settlements, and asset divisions
- Alimony
- Calculation of income for alimony and child support
- Filing status, and exemptions
- Division of business interests
- Basis allocations
- Division of Retirement Plans
- Issues involving the family residence
After completing this course, you will be able to:
- Recognize critical tax implications to review and consider when going through a divorce
- Identify key issues of MFS vs. MFJ vs. HOH filing status, what items to report, what possible penalties and result
- Recognize what is a "qualified child" for the IRS
- Identify the requirements for Sec. 1041 and how to apply it to property transfers where the transferee has liabilities
- Determine property basis and potential tax liabilities under Sec. 1041
- Determine effects of purchasing property interest used in a business or held for investment and potential recapture
- Determine the tax treatment of installment sales in divorce
- Recognize Alimony under Sec. 71, including alimony recapture
- Differentiate child support from alimony
- Determine income for alimony and child support
For more information regarding refund or concerns, please contact our offices at (800) 677-2009.
The Consultants’ Training Institute (CTI) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
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