Learn to navigate tax ramifications in divorce cases, avoid pitfalls, and analyze assets to protect clients during distribution and settlements.
Most divorce cases have significant tax ramifications to your client. This topic provides the skills to identify them before they create a problem for you and your client at settlement. We will begin with the recent changes to the tax law and provide a key road map in navigating the numerous pitfalls that may appear in your case. Whether it is when your client may qualify for innocent spouse relief or how to identify the potential for alimony recapture we will teach you analytical thinking as it relates to equitable distribution and identify the potential taxation of certain property as well as an overview of how to identify which assets need further analysis.
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Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Critical Topics in Taxation for Family Law
- Taxation of Support
- Lump Sum Alimony and Equitable Distribution
- Taxability of Undifferentiated Support
- Taxation of Alimony and Child Support (Recapture?)
- Dependency Deductions and Credits
- Filing Status - Divorced or Separated Individuals (Head of Household); Same-Sex Marriage
- Signing vs. Nonsigning of Joint Tax Returns
- Deductibility of Interest on Debt in Equitable Distribution
Assets and Liabilities
- Valuation Dates
- Income vs. Cash Flow
- IRAs and Retirement Accounts
- Defined Benefit
- Defined Contribution
- Cash Surrender Value Life Insurance
- Loans and Notes Receivable
- Stock Options
- Litigation Loans
- Income Tax Refunds/Balance Due
- Business Valuations
- Standard of Value
- Valuation Methodology
- Market Approach
- Income Approach
- Asset Approach
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Credit
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on February 7, 2025.
Call 1-866-352-9540 for further credit information.
- AR CLE 1.25
- This course has been approved for 1.25 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.25
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.25 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.25
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.25 CLE hours of participatory credit.
- CT CLE 1.0
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.0 CLE credit(s).
- GA CLE 1.0
- This program has been approved by the Georgia Commission on Continuing Lawyer Competency for 1.0 CLE hours.
- HI CLE 1.25
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.25 CLE credit hours.
- MO CLE 1.7
- This course qualifies for self-study CLE credit in Missouri.
- NH MCLE 1.3
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 83 Minutes.
- NJ CLE 1.6
- This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.6 hours of total CLE credit.
- PA CLE 1.0
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.0 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.5
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
- WI CLE 1.5
- This program qualifies for 1.5 hour(s) of ondemand CLE through the WI Board of Bar Examiners.
- WV MCLE 1.7
- This program has been approved by the West Virginia State Bar MCLE Commission for 1.7 MCLE hours.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
- Arizona CLE 1.25
- CA MCLE 1.25
- CT CLE 1.0
- HI CLE 1.25
- NJ CLE 1.7
- VT CLE 1.25
- WV MCLE 1.7
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Credit
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Elgin F. Polo, CPA, ABV, CVA
Forensic Partners USA, LLC
- Founding member of Forensic Partners USA, LLC
- Practice emphasizes all aspects of forensic and valuation services
- Court appointed to assist in resolving some of the most complex issues in divorce cases
- Serves as an expert witness in business valuations and forensic accounting and has testified in various courts in South Florida
- Adjunct professor in accounting at Florida International University and frequent lecturer at various institutions and universities.
- Florida licensed certified public accountant
- Certified as a valuation analyst by the National Association of Certified Valuation Analysts as well as holding the accreditation in business valuations from the American Institute of Certified Public Accountants
- M.B.A. Degree, with a concentration in taxation, University of Miami; B.S. Degree in accounting, Binghamton University
- Can be contacted at [email protected] or (305) 299-7350
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Credit
More Program Information
Why Lorman?
Over 38 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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