Making the Best of Bad Situations: Part 1 (Divorce, Death of Taxpayer) (Currently Unavailable)

Author: Arthur Joseph Werner

This course helps the practitioner understand planning considerations and potential problems when certain "bad situations" happen to his/her client. The focus of this course is on the tax and non-tax issues of personal relationship matters, such as living together, property rights, premarital agreements, filing status, exemptions, and dependents.

Publication Date: October 2016

Designed For
CPAs, EAs, attorneys, and financial planners.

Topics Covered

• Tax and non-tax issues in divorce
• Tax and non-tax issues of personal relationship matters, such as living together, property rights, premarital agreements, filing status, exemptions, and dependents
• Support issues for spouses and former spouses
• Support issues for children of divorced or separated parents and the tax treatment of back child support
• Special issues, such as marital property rules, married versus unmarried tax rate comparisons, head of household status, and treatment of refunds and deficiencies
• Integration of planning
• Uniform Definition of a Child
• Custodial Parent
• Alimony

Learning Objectives

• Recognize tax and non-tax issues of various circumstances that a client classifies as bad situations pertaining to Divorce and Death of a Taxpayer
• Differentiate examples of how to create a solution when developing planning techniques
• Identify tax advantages to claiming a qualifying child
• Differentiate between a custodial parent and a non-custodial parent
• Identify tax return issues with divorces couples
• Recognize problems that can occur with financial planning
• Describe the planning triangle
• Identify a qualifying child
• Describe a full-time student as defined by the IRS
• Recognize alimony

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None