Untying the Knot: Taxes & Divorce

Overview

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.

What You’ll Learn: This comprehensive session will cover critical topics, including: - 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.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

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

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

Objectives

After attending this presentation, you will be able to...

• Determine the correct filing status during and after divorce.

• Preparation

  None

  Notice

  This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by CPA Crossings.