Ten Critical Financial Mistakes Found in Divorce Settlement Agreements (And why it is so important for CPAs to review them) (191034-12)
Description
If CPAs ignore or are left out of the divorce settlement process, their
client(s) can incur unnecessary taxes and/or penalties. Although the CPA
cannot advocate for either spouse (if both are clients), being involved
in the mechanics of the settlement can minimize financial damage in the
future.
Learning Objectives
You will learn about the most critical and frequently overlooked financial or tax strategies family law attorneys miss in the preparation of settlement agreements
Major Topics
•
How to help your client avoid a future lawsuit regarding their past divorce •
How settlement wording can turn deductible alimony into non-deductible child support • Avoiding the 10% early withdrawal penalty • Be a hero-turn non-deductible divorce-related professional fees into eligible deductible fees • Other key tax issues • Using fresh, creative thinking versus cookie-cutter approach
