Tax Impacts of Divorce On-Demand Webinar
There’s been an uptick in divorces over the last year, and it’s likely that one of your clients is in the midst of one. These returns require extra attention because there were quite a few tax law changes relating to COVID-19 financial assistance, the child tax credit, the earned income credit and more. Some of the most common questions surround topics of determining if a payment is alimony or child support, determining which taxpayer is the custodial parent and which is the noncustodial parent, and if applicable, who may claim the child(ren) on their tax return. This webinar addresses the issues your clients will face before and after a divorce has been finalized.
Upon completion of this course, you will be able to:
- Identify the filing status for divorced clients with and without dependent children
- Identify who is the custodial parent and who is the noncustodial parent
- Summarize tax credits and benefits available to custodial and noncustodial parents
- Describe the tax treatment of property settlements
- Recognize the tax treatment of alimony
This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.
Amy Wall, MBA,EA