June 20, 2013 at 2:00 PM EDT, 1:00 PM CDT, 12:00 PM MDT, 11:00 AM PDT
Statistics continue to indicate that nearly one-half of American marriages end in divorce - making the understanding of the tax consequences of divorce an essential element of every accounting professional's knowledge. All too often, clients focus their concern on ending the marriage relationship, and ignore critical decisions that can affect their short and long-term tax situations.
This webinar will focus primarily on three key areas in the taxation of divorce and separation, namely alimony, property settlements and child support, including allocation of the dependency exemption. Specific areas of discussion will include:
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Alimony Payments
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Recapture of Alimony Rules
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Child Support Issues
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Property Settlement Issues
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Handling the Dependency Exemption
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Addressing Available Dependent Credits
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Filing Status Issues for Divorced and Separated Taxpayers
NASBA CPE: 2 Hours/Taxes
IRS CE: 2 Hours/Federal Tax Law
Presented by Steven G. Siegel, JD, LLM