Description:
In this course, initial marital tax matters such as living together, property rights, premarital agreements, filing status, exemptions, and dependents are explored. The detail support test for children of divorced or separated parents, the tax treatment of back child support, the deduction of divorce costs, and estimated tax payments are reviewed. Emphasis is given to marital property rules, married versus unmarried tax rate comparison, head of household status, and treatment of refunds and deficiencies.

Delivery Method: Online Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

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Author: Danny Santucci

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Publication Date: 01/24/2020

Technical Details:

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Objectives:
1. Identify marital status and the effect marital status has on filing status, cite the tax advantages and disadvantages of a filing status, and specify the requirements for filing as head of household and the exemptions associated with spouses and dependents.
2. Recognize the differences between custodial and non-custodial parents including how the status affects dependency, identify the application of special support rules, and specify the dependent child income standards.
3. Determine common law and community property specifying their effect on marital and divorce planning, and identify the circumstances when payments qualify as Section 71 alimony.

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NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: Enrolled Agents Program Number 263UK-T-00134-14-S