Divorce Transfers and Settlements

Course Information

Title:	Divorce Transfers and Settlements
Category:	Taxation
Field of Study:	Taxes
Course Code:	M045
CPE Credits:	2.0
Price:	19.95

Description

Description:

Participants will learn how to apply, implement, and evaluate the strategic tax aspects of marital dissolutions and living together arrangements. Current perspectives on property transfers and asset divisions are examined with an emphasis on planning considerations. This mini-course reviews property settlements and other transfers incident to divorce. Basis allocation, third party transfers, and purchases between spouses are also examined. Common pitfalls for the unwary, such as transfers in trust, installment notes, and purchases between spouses, are analyzed. Application of these tax principles is exemplified in selected asset divisions of the residence, business interests, insurance, and pension benefits.

Delivery Method: Online Interactive Self Study

Level: Overview

Prerequisites: None

Advanced Preparation: None

Course Details

Category: Taxation

Field of Study: Taxes

Passing Score: 70%

Technical Details: Taxation is a technical field of study for all states.

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Objectives

Objectives:

Identify the various forms of marital property and how to proceed with a tax structured property settlement.
Identify the tax impact of property divisions and the importance of complying with §1041.
Determining the deferred tax liability of interspousal purchases and later dispositions, recognize the tax deferral of §1031 exchanges, and identify the benefit distribution problems and the tax advantages of QDROs.

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Profession

NASBA: Yes

QAS: Yes

CPA: Suitable for all CPAs

IRS: IRS credit for Enrolled Agents.

Profession Identifiers: CPA, EA