Strategies for Guiding Clients Through Challenging Situations: Tax Insights WEBCAST
Overview
This course equips practitioners with the knowledge needed to help clients navigate complex tax and financial challenges. It addresses difficult client situations including divorce, bankruptcy, debt issues, and other personal and business matters that create significant tax consequences. The course provides key insights into the tax implications associated with these situations and highlights planning considerations practitioners should evaluate when advising clients. Participants will explore the tax treatment of divorce-related matters, including filing status, support obligations, and property division. The course also examines bankruptcy, debt cancellation, business dissolution, and other financial hardships that may affect a taxpayer’s reporting and obligations. Through practical discussion and analysis, participants will gain strategies to help clients make informed decisions while understanding the related tax implications.
Highlights
Tax considerations in complex client situations. Divorce and separation tax issues. Filing status considerations. Property division and marital property rules. Child support and alimony tax treatment. Bankruptcy and debt cancellation. Foreclosure tax consequences. Business dissolution and ownership transitions. Dependency and family tax issues. Refunds, deficiencies, and taxpayer obligations.
Prerequisites
None.
Designed For
Tax practitioners and financial professionals.
Objectives
Assess tax and financial considerations in challenging client situations. Identify tax implications of divorce, including filing status, property division, and support obligations. Explain tax consequences related to bankruptcy, debt cancellation, and foreclosure. Evaluate tax treatment of cohabitation, premarital agreements, and dependency exemptions. Determine tax implications of child support, alimony, and back child support. Recognize tax effects of business dissolution and ownership changes. Compare filing options for married and unmarried individuals. Explain the tax treatment of refunds, deficiencies, and marital property rules.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Mary Jane Hourani, Professional Education Management Inc
Mary Jane Hourani, MM, EA, NTPI Fellow, Tax Accountant Mary Jane has been practicing since 1993, working for a couple larger Tax, Accounting, & Audit Firms in before transitioning to her own practice in 2005. Mary Jane has a Master of Management from Walsh College of Accountancy and Business Administration as well as a Bachelor of Science from Eastern Michigan University in Public Administration with a focus in Organizational Development and Governmental Accounting. She is credentialed as an Internal Revenue Service Enrolled Agent, allowing her to practice before the IRS. With this credential, she has direct oversite by the IRS Office of Professional Responsibility. She is also a National Association of Enrolled Agents NTPI Fellow. Mary Jane has been an Instructor of Tax for Michigan State University Tax School since 2008 as well as a speaker for several trade organizations since 2005. Mary Jane has been a Contributing Editor and Contributing Author of the National Tax Workbook for the Land Grand University Tax Education Foundation since 2009. She writes and compiles tax course packs used by Michigan State University Tax School and other trade organizations. She is a former H&R Block Instructor/Trainer. Mary Jane is a member of the National Association of Enrolled Agents, Michigan Association of Certified Public Accountants, National Association of Tax Professionals, American Institute of Professional Bookkeepers, and is a QuickBooks ProAdvisor.
Non-Member Price $300.00
Member Price $250.00