Basic Marital Tax Matters
Field of Study:
When someone is going through the trauma of a divorce they often do not realize that there are severe tax implications when making decisions such as:
- When to separate,
- When to file for the divorce,
- How to handle child support and alimony,
- Who is entitled to the deductions, credits, and exemptions,
- How to divide property, and
- How to file the final return.
Interestingly enough, the one decision the divorcing taxpayers have almost always made on their own, and not always correctly, is whether to file joint or separate returns for the year or years preceding the finalization of the divorce. It is imperative to have good advice when determining division of property, alimony, and child support. Although many couples want to save money and do everything themselves, this is not usually a good idea.
After completing this course you will be able to:
- Identify the tax implications in a going through a divorce.
- Recognize good advices to clients in determining division of property, alimony, and child support in a divorce case.
General understanding of federal income taxation.
Type of delivery method:
Recommended CPE credits:
Final examination expiration date:
The program participant will have one year from the date of purchase to complete the course and final examination.
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 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