Source: https://www.cpethink.com/course/defensive-divorce
Timestamp: 2019-09-20 12:32:54
Document Index: 136842887

Matched Legal Cases: ['§1041', '§1041', '§7703', '§6402', '§212', '§212', '§1012', '§66', '§879', '§66', '§66', '§2056', '§2505', '§2501']

Defensive Divorce (Course Id 1141)
IRS Credits : 22
Taxes - Taxes for Course Id 1141
Description : This course will teach participants how to apply, implement, and evaluate the strategic tax aspects of marital dissolutions and living together arrangements. Current perspectives on property transfers, asset divisions, alimony, filing status, exemptions, and child support are examined with an emphasis on planning considerations. Property settlements, basis allocation, third party transfers, and purchases between spouses are explored and analyzed. Special attention is given to the division of business interests, retirement plans (including QDROs), insurance policies, and the family residence.
Defensive Divorce CPE Credit CPA Courses
Revision Date : 20-Aug-2018
NASBA QAS - NASBA Registry - IRS Enrolled Agents - 1141
Keywords : Taxes, Defensive, Divorce, cpe, cpa, online course
5. Determine the application of §1041 to transfers in trust under §1041(e) and to third-party transfers on behalf of a spouse or former spouse.
8. Recognize the dangers of purchasing a former spouse's interest in property particularly a marital residence and its tendency to create deferred tax liability.
4. Determine the tax treatment of housing costs for the family residence and the impact of ownership by contrasting when the nonoccupying spouse owns the home with when the occupying spouse owns the home.
6. Specify the tax treatment of life insurance premium payments, voluntary payments and payments to a remarried spouse recognizing advantages and disadvantages to each spouse.
8. Specify the differences between child support and alimony identifying their tax treatment to avoid reporting errors.
10. Identify the pre-2019 deduction of alimony paid and the reporting of alimony received on the proper forms specifying required information.
11. Specify the pre-2019 alimony recapture rule for various marital agreements and its impact on the tax treatment of past payments
13. Identify the tax treatment of child support and circumstances where a payment will be fixed as child support, and specify events that determine whether a contingency is clearly child-related and how to rebut this presumption of child support.
b. Determining what constitutes “qualified medical child support orders” recognizing differences with other similar orders and identifying the procedures, requirements, and jurisdiction of QMCSOs.
8. Determine the purposes of the federal gift tax identifying its computational methods and applicable exclusions, specify the advantages of splitting gifts and the gift tax marital deduction recognizing dangers as to “excess” gifts and terminable trusts and identify Social Security eligibility for family members of a system participant.
Chapter 1 - Basic Marital Tax Matters<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Abandoned Spouse Rule - §7703
Refund Offset Program - §6402
Property Tax & Interest
Exemptions & Phaseout (Suspended)
Test #1 - Relationship
Test #2 - Income
Dependent Child Income Exception
Test #3 - Citizen or Resident
Test #4 – Married Person
Test #5 - Support
Special Support Method for Children of Divorced or Separated Parents
Test #1 - Residency (or Time) & Citizenship
Test #2 - Relationship Test
Test #3 - Age Test
Test #4 - Joint Return Restriction
Tax Advice - §212(3)
Fees to Obtain Alimony or Protect Income - §212(1) & (2)
Fees to Obtain Property - §1012 & 1016
Refunds & Deficiencies
Nonresident Alien Spouse Withholding
Spouses with Different Residency Statuses
Special Income Rules For Spouses Living Apart - §66(a) & §879
Denial of Community Property Reporting - §66(b)
Community Reporting Relief Provisions - §66(c)
Alimony vs. Community Income
Chapter 2 - Transfers Incident to Divorce
Asset Division Principles
PLR 9046004
Arnes Cases
Mrs. Arnes v. United States, 981 F .2d 456 (9th Cir. 1992)
Mr. Arnes v. Commissioner, 102 TC 522 (1994)
Blatt Case
Gaughan Case
Treatment of Net Capital Gains
Recapture on Personal Property
Treatment of Gain
Recapture on Real Property
Chapter 3 - Alimony & Child Support
Spousal Support - aka Alimony
Invalid Decree
Amended Instrument
Payment Must Be In Cash
Written Requests, Consents, or Ratifications
Payments for Family Residence
Taxpayer-Owned Home
Spouse-Owned Home
Jointly-Owned Home
Rent On Property Owned by a Third Party
Payments to Remarried Spouse
Designating Payments as Not Alimony
Members of Different Households
Past Due Child & Spousal Support Payments
Joint Return Prohibited
Minimum Term Rule for 1985 & 1986 Instruments
Instruments Executed Before 1985 - A Historical Perspective
Old Requirements - Long, Long Ago in a Galaxy Far Away
Exception for Installment Payments
Marital or Family Relationship
Deducting Alimony Paid
Recapture of Alimony for Type A & B Agreements
Deducting the Recapture
TRA ‘84 Recapture - 1985 & 1986 Instruments
TRA ‘86 Recapture - After 1986 Instruments
Alimony Substitution Trusts & Annuities
Advantages of Alimony Trust
Disadvantages of Alimony Trust
Alimony Paid by Estate
Chapter 4 - Selected Marital Tax Issues Outside Divorce
Standard Deduction Increased for MFJ
Bracket Amount Increased for MFJ
Will The Marriage Penalty Really Go Away?
Regulations - Spousal Travel
Additional Cost Rule
One Spouse Employed by the Other
Marital Deduction - §2056
Business Interests - Death of a Spouse
Applicable Exclusion - §2505
Application - §2501
Appendix A - Section 71 & Regs.
Appendix B - Section 1041 & Regs.
Appendix C - California Uniform Premarital Agreement Act
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