Kaplan University School of Professional and Continuing Education Kaplan University School of Professional and Continuing Education

Navigating Divorce: Tax & Litigation Issues (NDTL)

(Updated for the Tax Cuts and Jobs Act) 8-Hour Program

WHY ATTEND THIS COURSE?

Not everyone who gets married stays married. There is even an increasing trend in divorces occurring after age 60. Often, the tax advisor is in the thick of settlement negotiations and the aftermath of complex and tense decisions. This program provides comprehensive coverage of those issues a tax advisor must know in order to serve clients who are terminating (or planning to terminate) marriage relationships. Participants will learn how to work with clients and their attorneys to maximize aftertax cash available for allocation to assure appropriate recognition of value in marital assets, to draft convincing settlement proposals, and to present information to mediators and judges.

DESIGNED FOR...

Tax practitioners who want to provide valuable services as advisors and expert witnesses in divorce proceedings. May also be suitable for public practice.

OBJECTIVE

Participants will be able to:

  • Identify opportunities for tax savings in divorce settlements
  • Analyze accounting and tax issues in divorce proceedings
  • Avoid common errors that have adverse tax consequences both during and after divorce proceedings
  • Determine the rights of divorcing spouses in benefit plans
  • Prepare exhibits for settlement negotiations
  • Explain federal income tax rules on alimony, child support, and property settlements clearly to mediators, judges, and occasionally attorneys
  • Apportion joint items to separate returns

MAJOR SUBJECTS

  • Lawyer’s concept of advocacy versus cooperation on tax issues
  • Identification of marital assets
  • Valuation of closely-held business interests
  • Typical pre-divorce tactics by people trying to obscure the facts or hide assets
  • “Hidden” after-tax asset values
  • Marital home and the Section 121 exclusion
  • Alimony and the major changes in its treatment found in the Tax Cuts and Jobs Act
  • Child support, property division, and transfers
  • Qualified Domestic Relations Orders (QDRO)—allocations of qualified plan benefits and/or assets
  • “Innocent spouse” rules
  • The joys of a well-negotiated settlement

COURSE ACRONYM: NDTL

PRESENTATION METHOD: Group-live

LEVEL OF KNOWLEDGE: Intermediate

PREREQUISITES:

  • None

ADVANCE PREPARATION: None

FIELD OF STUDY: Taxes/Special Tax Matters

RECOMMENDED CPE CREDIT: 8 hours


CPE Sponsor icon

SmartPros®, A Kaplan Company and Loscalzo Institute, A Kaplan Company are registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.