• videocam On-Demand Webinar
  • signal_cellular_alt Intermediate
  • card_travel Family Law
  • schedule 90 minutes

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

About the Course

Introduction

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.

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.

Presented By

Mark S. Gottlieb, CPA/ABV/CFF, ASA, CVA, CBA, MST
Head of Business Valuation, Forensic Accounting & Litigation Support Practice
Mark S. Gottlieb, CPA, PC

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.

Reuben Gottlieb, Esq., CPA, MS-Forensic Accounting
Director of Forensic and Litigation Support Services
MSG Accountants Consultants & Business Valuators

Mr. Gottlieb is the Director of Forensic and Litigation Support Services at MSG, where he oversees forensic accounting investigations, business valuations, and economic damages analyses in complex commercial and matrimonial disputes. Mr. Gottlieb brings an unusual combination of credentials to this work: he is both a licensed attorney and a certified public accountant, which gives him a fluency in both the financial analysis and the litigation process that most forensic consultants simply do not have. Mr. Gottlieb's work covers the full scope of the firm’s litigation support practice. He conducts and supervises business valuations of closely held companies, prepares economic damages calculations in commercial disputes, and leads forensic investigations involving allegations of fraud, asset dissipation, and financial misreporting. Mr. Gottlieb also plays a central role in expert report preparation, deposition and trial support, and the development of rebuttal analyses targeting opposing experts’ methodologies and conclusions. He has provided expert testimony and lectures regularly on financial and tax matters in divorce litigation, presenting to organizations including the American Bar Association, BARBRI, the Suffolk County Bar Association, and Strafford Webinars.

Credit Information
  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Wednesday, March 20, 2024

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

  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

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?