Course Information
Course No:
9273518
Course Name:
Divorce Transfers and Settlements
Field of Study:
Taxation
Course Description:
Participants will learn how to apply, implement, and evaluate the strategic tax aspects of
marital dissolutions and living together arrangements. Current per-spectives on property transfers and asset divisions
are examined with an empha-sis on planning considerations. This mini-course reviews property settlements and other
transfers incident to divorce. Basis allocation, third party transfers and purchases between spouses are also examined.
Common pitfalls for the unwary such as transfers in trust, installment notes, and purchases between spouses are analyzed.
Application of these tax principles is exampled in selected asset divi-sions of the residence, business interests,
insurance, and pension benefits.
Learning Objectives:
After completing this course you will be able to:
- Identify the various forms of marital property and how to proceed with a tax structured property settlement noting the benefits of premarital agreements to avoid potential divorce problems.
- Recognize property settlements under §1041 by:
- identifying its application to interspousal and third party transfers,
- specifying the factors that determine whether or not a property transfer is incident to divorce under §1041, and
- determining property basis for the transferor and transferee spouse under §1041.
- Identify remedies for the deferred tax pitfall of §1041 by:
- determining deferred tax liability of interspousal purchases,
- recognizing the tax deferral of §1031 exchanges,
- specifying the key elements of the home sale exclusion and stating their application;
- recognizing benefit distribution problems and the tax advantages of QDROs.
Course Material:
Online Material
Program Level:
Overview
Prerequisites:
General understanding of federal income taxation.
Advance Preparation:
None
Type of Delivery Method:
QAS Self-study
Recommended CPE Credits:
2
Final examination expiration date:
The program participant will have one year from the date of purchase to complete the course and the final examination.
Refunds and Cancellations:
A full refund will be given if the customer submits a request by email within 15 days of purchasing the course by using the "Contact Us" link on the left side of the web page. We will appreciate if the customer provides a reason. However, no refund will be granted after the qualified assessment (Final Test) has been completed. Customers can submit their complaints or concerns by using the "Contact Us" link.
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Web CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
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