Divorce: Tax Implications

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Description

IRS Program Number: X9QQU-T-00650-20-O
IRS Program Number: X9QQU-T-00650-20-S
1 CE

What happens when your clients divorce? Divorce is an emotional occurrence for all involved. What is the significance of the tax professional assisting clients through this difficult time? This webinar will explain the importance of working with and advising our clients on tax related divorce issues. We will discuss filing status, name change, joint & separate responsibility & liability, dependents and associated tax credits, retirement plans, alimony, child support, property settlements, allocating estimated payments, NOLs, and Capital Loss carryovers.

Learning Objectives:

Assist with tax planning
Analyze changes made by the TCJA
Select correct filing status
Inform clients on Name, Address, and W-4 Changes
Explain Innocent Spouse issues
Quantify Exemptions
Relate critical issues encompassing Form 8332
Examine Credits associated with dependents
Summarize QDRO and IRA’s
Alimony and Child Support
Distinguish Capital Losses, NOL’s Donations, and other credits and deductions

Contributors

Allan (AJ) Reynolds, EA

A.J. has immense experience in various areas of taxation, which encompasses over 30 years. His practice centers on individual, business, and estate tax preparation. In addition, A.J. specializes in IRS audits, appeals, collections and other tax representations. He speaks for multiple organizations and brings his everyday “in the trenches” experience to assist attendees with real issues affecting tax professionals. A.J. started his tax career with a national CPA firm in San Diego, CA after proudly serving five years in the U.S. Navy.

Thank you

Description

Contributors

Allan (AJ) Reynolds, EA