Divorce-Related Tax Issues: An Attorney's Guide for Avoiding Surprise Liabilities and Costly Mistakes
Navigating the Ten Most Important Tax Issues in Divorce and Property Division

Course Details
- smart_display Format
On-Demand
- signal_cellular_alt Difficulty Level
Intermediate
- work Practice Area
Family Law
- event Date
Wednesday, March 20, 2024
- schedule Time
1:00 p.m. ET./10:00 a.m. PT
- timer Program Length
90 minutes
-
This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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

Mr. Gottlieb leads his team of highly qualified professionals in conducting forensic accounting investigations, independent business and professional practice valuations, calculations of enhanced earnings capacity relating to professional licenses and degrees, and a continuum of financial and economic analyses.

Mr. Gottlieb is an attorney, certified public accountant, and has earned a master’s degree in forensic accounting. He has represented private equity firms, public companies, and their portfolio companies in cases involving failed mergers, fraud, contractual disputes, including cases in the Delaware Chancery Court. Prior to joining MSG, Mr. Gottlieb worked as a corporate governance & litigation associate at Brown Rudnick LLP , Bernstein Litowitz Berger & Grossmann LLP, and Young Conaway Stargatt & Taylor LLP. He was as a health law and policy fellow at Brooklyn Law School and as a judicial intern for the Honorable James d'Auguste of the New York State Supreme Court, Civil Division.
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
- Taxability of assets distributed incident to divorce
- Tax deductibility of professional fees
- Alimony and child support
- Sale of personal residence
- Filing status
- Exemptions
- Deductibility of mortgage interest and real estate taxes
- IRAs and retirement plans
- Stock options and deferred compensation plans
- 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?
Unlimited access to premium CLE courses:
- Annual access
- Available live and on-demand
- Best for attorneys and legal professionals
Unlimited access to premium CPE courses.:
- Annual access
- Available live and on-demand
- Best for CPAs and tax professionals
Unlimited access to premium CLE, CPE, Professional Skills and Practice-Ready courses.:
- Annual access
- Available live and on-demand
- Best for legal, accounting, and tax professionals
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