Course ID: NDTL

Navigating Divorce: Tax & Litigation Issues

Not everyone who gets married stays married. Often, the tax advisor is in the thick of settlement negotiations! This program provides comprehensive coverage of those things a tax advisor must know in order to serve clients who are terminating (or planning to terminate) marriage relationships. You will learn how to work with clients and their attorneys to maximize after-tax cash available for settlement, to assure recognition of value in marital assets, to draft convincing settlement proposals, and to present information to mediators and judges.


LEARNING OBJECTIVES
  • Identify opportunities for tax savings in divorce settlements
  • Analyze accounting and tax issues in divorce proceedings
  • Avoid common errors that have adverse tax consequences
  • Determine the rights of divorcing spouses in benefit plans
  • Prepare exhibits for settlement negotiations
  • Explain federal income tax rules on alimony, child support, and property settlements clearly to mediators and judges
  • Apportion joint items to separate returns

MAJOR TOPICS
  • Lawyer’s concept of advocacy v. cooperation on tax issues
  • Identification of marital assets
  • Valuation of closely-held business interests
  • Typical pre-divorce tactics by people trying to obscure the facts or hide assets
  • “Hidden” after tax asset values
  • Marital home and the Section 121 exclusion
  • Alimony, child support, property division and transfers
  • Qualified Domestic Relations Orders (QDRO) – allocations of qualified plan benefits and/or assets
  • “Innocent Spouse” rules
  • The joys of a well-negotiated settlement

DESIGNED FOR
Tax practitioners who want to provide valuable services as advisors and expert witnesses in divorce proceedings

FIELD OF STUDY
Taxes

PREREQUISITES
None

COURSE PRODUCER
Nichols Patrick CPE, Inc

CPE CREDITS
8.0

LEVEL
Intermediate

This course is available for your group as:

Group Live
 

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Or, contact BLI: 888-481-3500 or learn@blionline.org