Description: Divorce brings emotional and financial challenges and navigating the tax implications can be one of the most complex aspects. This in-depth, 8-credit webinar, Untying the Knot: Taxes and Divorce, is designed to equip tax professionals with the knowledge and strategies needed to guide clients through the intricate tax issues that arise during and after divorce.
DESIGNED FOR
CPAs, EAs, and other Tax Professionals who want to deepen their expertise in handling divorce-related tax matters and build stronger working relationships with family law attorneys
BENEFITS
After attending this presentation, you will be able to...
- Determine the correct filing status during and after divorce.
- Analyze Qualified Domestic Relations Orders (QDROs).
- Resolve tax debts with the IRS.
- Asses when and how to use Currently-Not-Collectible Status.
- Manage IRS liens on property during divorce.
- Evaluate reasonable compensation in divorce-related business valuations.
- Analyze unusual and complex tax issues.
HIGHLIGHTS
The major topics that will be covered in this course include:
- Filing Status: Determining the correct filing status during and after divorce.
- Qualified Domestic Relations Orders (QDROs): Tax implications of dividing retirement accounts.
- Back Taxes: Strategies for addressing unpaid tax liabilities during and after divorce.
- Offers-in-Compromise & Installment Agreements: Resolving tax debts with the IRS.
- Currently-Not-Collectible Status: Understanding when and how to use this option.
- Innocent Spouse & Injured Spouse Relief: Protecting clients from unfair tax liabilities.
- Lien Discharges & Subordinations: Managing IRS liens on property during divorce.
- Reasonable Compensation: Evaluating fair compensation in divorce-related business valuations.
- Case Studies: Explore unusual and complex tax issues in divorce through real-world examples.
PREREQUISITES
None
ADVANCE PREPARATION
None