Divorce and Tax Issues: Evaluating Key Opportunities and Risks
Navigating Tax Consequences for Support, Assets and Liabilities Division, Deductions, Credits, and More
Recording of a 90-minute CLE webinar with Q&A
This CLE course will provide family law counsel with a review of tax issues in dividing property or negotiating support. The panel will focus on potential tax opportunities in filing status, dependency deductions and credits, carryover losses, property transfers, support considerations, and innocent spouse relief.
Outline
- Common tax issues and impact on divorce negotiations and settlement
- Allocating alimony and child support payments
- Property transfers between spouses
- Effectively utilizing exemptions, deductions and credits
- Innocent spouse relief
- Alimony recapture
- Drafting tips
Benefits
The panel will review these and other key questions:
- What are the most common tax issues that counsel should consider when negotiating a settlement between the parties?
- What are the most important considerations when determining how to effectively utilize exemptions, deductions and credits?
- What alimony recapture rules should counsel take into account?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
Faculty
Elgin F. Polo
Partner
Kabat Schertzer De La Torre Taraboulos & Co.
Mr. Polo focuses his practice on forensic accounting and business valuation services as well as tax and accounting... | Read More
Mr. Polo focuses his practice on forensic accounting and business valuation services as well as tax and accounting services for small businesses in the real estate, retail and professional services industries. Since joining KSDT in 2011, Polo has managed numerous engagements involving partner and shareholder disputes; family and marital litigation; trusts, probate, and estates; as well as the sale and purchase of various business entities.
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Kenneth J. Vacovec
Founding Partner
Vacovec Mayotte & Singer
Mr. Vacovec practices in all areas of tax law including tax planning for businesses and individuals, estate... | Read More
Mr. Vacovec practices in all areas of tax law including tax planning for businesses and individuals, estate planning, representation before the IRS and state tax authorities, international tax planning for individuals and businesses, international estate planning, and tax compliance. He has given many presentations on divorce tax issues.
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Armand E. D'Alo, EA, CFP™, CDFA®
Mediator
Oak Tree Advisory Services
Mr. D’Alo is a financial professional and has been in practice since 1985, focused on divorce through... | Read More
Mr. D’Alo is a financial professional and has been in practice since 1985, focused on divorce through mediation and collaboration since 1997. He has been working in the field of family law mediation, with a background in financial planning. Mr. D’Alo has significant experiences in the areas of taxes and financial planning.
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