Webinar

Monthly Tax Update with Ed Zollars: Key Federal Tax Issues in Divorce for the Experienced CPA

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

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Stay in the know with this monthly tax update series, featuring Ed Zollars, CPA.

About this month's webinar:

Divorce is a complex financial transaction requiring a CPA's strategic expertise. Proactive tax guidance is crucial for sound settlements. Explore the divorce tax landscape, asset preservation, liability prevention and equitable property distribution.

Given the Tax Cuts and Jobs Act of 2017 repealed the alimony deduction for instruments executed after December 31, 2018, divorce negotiations have significantly changed. CPAs must master rules for deferred tax liabilities (IRC Section 1041), dependency claims (IRC Section 152(e)) and joint tax attribute allocation. Practitioners will also gain mastery over ethical challenges in divorce engagements, adhering to AICPA and Treasury Circular 230 standards.

Major subjects

• Professional responsibility and conflicts of interest
• Dependency, credits and filing status
• IRC Section 1041 property settlements
• Allocating joint tax attributes
• Retirement division and alimony

Learning objectives

• Understand Circular 230 and AICPA Code requirements; identify and avoid conflicts in divorce tax engagements
• Apply the IRC Section 152(e) "nights test" to determine custodial parent; recognize limits of Form 8332 transfers
• Evaluate Section 1041 nonrecognition rules; quantify deferred tax effects and preserve carryover basis in property divisions
• Assess retirement division methods; differentiate between QDRO and IRA tax treatments; understand alimony tax changes under TCJA

Who should take this program?

• CPAs and tax professionals in public practice

Pricing

Our records indicate you are a nonmember. If you register, you will be charged $129.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.