This comprehensive online webinar CPE course is an essential tool for tax professionals who aim to provide expert guidance to clients going through a divorce. It 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 online CPE 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.
Learning Objectives
Upon completing this course, participants will be able to:
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 QDRO and IRA's
Distinguish Capital Losses, NOL's Donations, and other credits and deductions
Major Topics
Tax Cuts & Jobs Act
Filing Status
Innocent Spouse Issues