BarbriSFCourseDetails

Course Details

This CLE webinar led by Mark S. Gottlieb, CPA/ABV/CFF, ASA, CVA, CBA, MST, and Reuben Gottlieb, JD, CPA, MS-Forensic Accounting, will discuss the most critical, perennial, and challenging tax-related questions that divorce attorneys are expected to field. The panel will offer guidance that can help avoid surprise tax liabilities and strategies for careful tax planning that can maximize tax savings for all concerned.

Faculty

Description

Divorces always have tax consequences, both during the divorce itself and afterward. The key is to know what they are and to manage them properly, which can be difficult when the parties are on an emotional rollercoaster.

By arming themselves with an understanding of key divorce-related tax issues, divorce attorneys can provide invaluable guidance to clients during one of the most difficult periods of their lives.

Tax-related issues can arise in connection with alimony, property division, the allocation of exemptions for dependents, the deductibility of attorney's fees, innocent spouse issues, and many other matters. Some mistakes are more easily dealt with and less costly than others.

Listen as our expert panel guides attorneys through issues that must be addressed in every case, whether simple or complex, and provides strategies for successfully navigating the tax issues in divorce and property division.

Outline

  1. Taxability of assets distributed incident to divorce
  2. Tax deductibility of professional fees
  3. Alimony and child support
  4. Sale of personal residence
  5. Filing status
  6. Exemptions
  7. Deductibility of mortgage interest and real estate taxes
  8. IRAs and retirement plans
  9. Stock options and deferred compensation plans
  10. Innocent spouse rules

Benefits

The panel will review these and other key issues:

  • When should a specialized tax professional be engaged?
  • When can prior tax or financial professionals continue to work on the case?
  • What are the tax consequences of liquidating IRAs?
  • Can tax mistakes be corrected after the divorce?