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
Recognize 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.
Provider
Werner-Rocca
Course Level
Basic
Professional Area of Focus
Tax
CPE Field of Study
Taxes
8
Who Should Attend
CPAs, EAs, attorneys, financial planners, insurance agents, and banker
Prerequisites
None
Advanced Preparation
None
Location
Loyola University Maryland Graduate Center Columbia Campus
