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21WA-4414: Children of All Ages: Comprehensive Planning Techniques (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Wednesday, September 29, 2021
8:30am - 10:25am Central Time
2.2 CPE (2.2 technical)

In light of the new Tax Cuts and Jobs Act, this course offers practitioners new planning techniques with regards to children. Many clients who are parents are unsure of how to navigate dependency exemptions due to foreseen and unforeseen changes in their lives. What are clients' options when they marry a person who has children from a prior relationship? What happens should those parents then divorce? Can the stepparent still claim the children as dependents? And if not, what options are available to the stepparent instead?



This course provides practitioners with the latest and most up-to-date rules to assist clients in navigating the entities that affect child dependency, the factors that influence those entities, and planning techniques so each parent is prepared for tax season.



  • Please Note: If you need credit reported to the IRS for this IRS approved program (2 hours only), please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Major subjects

  • Learning tax rules as they pertain to claiming children as dependents in varying degrees of life circumstances i.e., birth children, adopted children, and stepchildren
  • Learning the factors that affect dependency such as divorce and issues of custody
  • Dependency Exemption
  • Head of Household Status
  • Earned Income Credit
  • Child Tax Credit
  • Child Dependent Care Credit
  • Navigating options to which parents are entitled when they are unable to continue claiming children as dependents as a result of divorce
  • Form 8332
  • Understanding the definition of a qualified child and learning the 5 tests of qualifications
  • Child's relation to taxpayer
  • Age
  • Child's location and length of residency with taxpayer
  • Child support
  • Joint return restriction

Learning objective(s)

  • List new tax guidelines and identify the related factors as they pertain to child dependency laws
  • Discuss options parents have regarding claiming dependents
  • Explain the most beneficial courses of action when filing

Who should take this program?

CPAs, EAs, and other financial professionals

Fees

Our records indicate you are a nonmember. If you register, you will be charged $79.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $79.00
checkmark Standard Nonmember Fee $79.00

More program information

Location Online
Area
of study
Taxation
Field(s)
of study
Taxes - Technical (2.2)
Level Intermediate
Format Group Internet Based
Sponsor Business Professionals' Network, Inc.
NASBA ID#: 107810
Prerequisites Prereq. None
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more

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If you have questions about this event, please call us at 952-831-2707.