This course will teach participants how to apply, implement, and evaluate the strategic tax aspects of marital dissolutions and living together arrangements. Current perspectives on property transfers, asset divisions, alimony, filing status, exemptions, and child support are examined with an emphasis on planning considerations. Property settlements, basis allocation, third party transfers, and purchases between spouses are explored and analyzed. Special attention is given to the division of business interests, retirement plans (including QDROs), insurance policies, and the family residence.
Basic Marital Tax Matters. Transfers Incident to Divorce. Alimony and Child Support. Selected Marital Tax Issues Outside of Divorce.
CPAs, financial professionals, enrolled agents and attorneys.
Specify multiple tax implications to consider when going through a divorce and recognize the requirements and effects of filing as married or unmarried. Identify the requirements for filing a joint return and how to avoid being penalized. Determine the key elements of filing separate returns including what items to report and identify whether or not married taxpayers should file separate returns. Cite the requirements for filing as head of household and the tax advantages and disadvantages of this filing status. Recognize the repeal of personal exemptions, their pre-2018 phaseout, availability, and reporting requirements. Identify the requirements for pre-2005 dependency particularly relationship, married person, citizen or resident, and income and, specify the former regular and special method for determining support recognizing complications from back child support. Determine the current “qualified child” standard using residency, relationship, age, and joint return prohibition, and identify requirements that must be met for parents to treat a child as a qualifying child of a non-custodial parent, and more.
Danny Santucci, Western CPE
Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known for spicing up his extensive expertise with an incredible sense of humor.
Non-Member Price $442.00
Member Price $384.00