BEACH RETREAT: Tax-Making the Best of Bad Situations 2013 – Art Werner (111123-13)
Description
This course helps the practitioner understand planning considerations
and potential problems when certain “bad situations” happen to his/her
client. This course will explore a variety of bad situations and provide
the practitioner an understanding of the tax and non-tax circumstances
to be considered when advising a client who is experiencing a bad
situation.
Learning Objectives
To provide the practitioner an understanding of the tax and non-tax
issues of various circumstances that a client classifies as bad
situations.
Major Topics
Understanding the tax and non-tax issues in divorce
Understanding the
tax and non-tax issues in personal bankruptcy, cancellation of debt,
foreclosure, repossession, and reporting of bad debts
Understanding the
tax and non-tax issues of personal relationship matters, such as living
together, property rights, premarital agreements, filing status,
exemptions, and dependents
Understanding the support issues for spouses
and former spouses
Understanding support issues for children of
divorced or separated parents and the tax treatment of back child
support
Understanding the business issues involved when the parties to
a business break apart
Special issues, such as marital property rules,
married versus unmarried tax rate comparisons, head of household status,
and treatment of refunds and deficiencies.
