Date & Times: Tuesday, October 22, 2013
- 3:00 p.m. Eastern
- 2:00 p.m. Central
- 1:00 p.m. Mountain
- 12:00 p.m. Pacific
Duration: 100 minutes
Course Level: Basic
Prerequisite: None
Advanced Preparation: None
Delivery Method: Group-Internet Based
|
CPE Credits |
Designation |
Field of Study |
| IRS * |
2 |
EA |
Federal Tax Law Topic |
| NASBA |
2 |
CPA |
Taxes |
| CTEC |
2 |
CRTP |
Federal Tax Law Topic |
| CFP Board |
2 |
CFP® |
Income Tax Planning |
* NATP will report CPE credits to the IRS for all PTIN holders. CPE is currently not mandatory for RTRPs or RTRP candidates and any option to register or participate in this program is strictly voluntary.
Fees: $52 for Members and $64 for Nonmembers
Summary
Divorce is an emotional rollercoaster for the parties involved. Tax professionals who understand the complications and economic effect at the tax level can reassure their divorcing clients during this difficult time. It’s the tax professional’s responsibility to explain the tax implications of divorce and report items of income and expense correctly on the individuals’ return. Where children are involved, it is important that dependency exemptions are claimed on the correct return and child support and other payments are correctly reported. Attend this webinar to be prepared when clients ask for help in the midst of divorce.
Objectives
Upon completion of this webinar, you will be able to:
- Establish which parent is eligible to claim a child as a dependent.
- Understand the difference between custodial and noncustodial parent for tax purposes.
- Differentiate between alimony and child support payments.
- Understand the tax treatment of using a qualified domestic relations order (QDRO).
- Handle carryovers for a divorced taxpayer.
Presenter: Kathryn M Keane, EA
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