Divorce and its Various Tax Implications FLEXCAST

Overview

This course covers a wide range of topics crucial in divorce tax planning, from identifying conflict of interest issues to reviewing record requests and selecting the correct filing status. The course also includes detailed discussions on exemptions, Form 8332, tax credits related to dependents, and the nuances of QDROs and IRAs. By participating in this course, you will benefit from an in-depth understanding of how to navigate the intricate tax implications of divorce, including capital losses, NOLs, donations, and other credits and deductions. This knowledge will not only enhance your professional skill set but also enable you to offer informed, empathetic advice to clients during a critical transition in their lives, solidifying your role as a trusted advisor.

Highlights

Tax cuts and jobs act. Filing status. Innocent spouse issues.

Prerequisites

None.

Designed For

CPAs and tax professionals.

Objectives

Assist with tax planning. Identify Conflict of Interest issues. Review requests for records. Select correct filing status. Inform clients on Name, Address, and W-4 Changes. Quantify Exemptions. Relate critical issues encompassing Form 8332. Examine Credits associated with dependents. Summarize QDROs and IRAs. Distinguish Capital Losses, NOL’s Donations, and other credits and deductions.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.