Divorce, Adoption and Other Specialized Topics in Family Taxation

Embark on an illuminating journey into the intricate landscape of family taxation with our course, "Divorce, Adoption, and Other Specialized Topics in Family Taxation." It delves into crucial topics faced by modern-day families and tax practitioners, offering practical insights and real-world applications. Covering divorce complexities, adoption considerations, liability issues, and retirement implications, participants gain a comprehensive understanding of current tax laws and the nuances of handling these situations effectively in their practice.

In this course, participants will acquire practical and applicable skills to handle specialized family tax topics, including divorce and adoption, while gaining a deep understanding of the latest tax laws related to these areas. It empowers tax practitioners to engage effectively with clients on family tax matters, providing valuable insights and guidance based on the current legal landscape. Furthermore, participants will explore the due diligence requirements essential for tax preparers when dealing with complex family taxation scenarios, ensuring accurate and legally sound filings.

Led by Jason Dinesen, a seasoned expert in family taxation, the course offers a unique opportunity to master current tax laws, navigate specialized family tax scenarios, and enhance client discussions. From determining the end of a marriage for tax purposes to claiming dependents in divorce situations, the course covers essential aspects that impact tax liability and financial decisions. Participants also gain insights into relief mechanisms, such as Innocent Spouse Relief, Separation of Liability, and Equitable Relief, providing a comprehensive understanding of legal avenues available in joint tax situations

• Understand specialized topics in family taxation, including divorce, annulled marriages, and abandoned spouse rules
  
• Learn about head of household filing status and claiming dependents in divorce
• Explore joint liability, exceptions, and the requirements for innocent spouse relief
• Recognize the criteria for separation of liability and equitable relief in tax situations
• Understand the adoption tax credit, including qualified adoption expenses and adoption credit carryover
• Review the impact of filing issues and how they affect tax responsibilities and benefits

Learning Objectives:

• Divorce
  
• Date of end of marriage and finalization of divorce, effect on filing status
• Annulment, effect on filing status, possibile need for amendments
• Abandoned Spouse
• Head of household in light of divorce, annulment, and abandonment
• Claiming child dependents
• Joint liability and Innocent spouse relief, Equitable Relief, Injured Spouse Allocation
• Forms 8857 and 8379
• Alimony, Property Transfers, Retirement Account Dispersment
• Adoption, eligible child, expenses, income limits for credits, credit
• Retirement Withdrawals and Carryovers

Credits and Other information:

• Recommended CPE credit – 2.0
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• NASBA Sponsor: 146439
• IRS Course ID: PJGWS
• Attendance Requirement:  Yes
• Session Duration: 2 Hours
• Case Studies and Live Q&A session with speaker
• PowerPoint presentation for reference

Who Should Attend?

• CPA, EA, attorney, and staff
• Tax department
• CFOs and controllers
• Accounts payable and accounting managers
• Sole Proprietors
  
• Accountants
  
• Lawyers
  
• Compliance professionals
• Small Business Owners
• Entrepreneurs
• Bookkeepers