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

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Conducted on Wednesday, January 16, 2013

Recorded event now available

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Course Materials

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.

Description

Family law practitioners need a working knowledge of common tax issues that arise during a divorce. Counsel must be able to identify and consider the tax ramifications of settlement provisions when negotiating a settlement.

When determining property division or support provisions, family law counsel should consider potential tax opportunities as well. Other important tax issues include filing status, dependency deductions and credits, carryover losses, property transfers between the parties, and innocent spouse relief.

Listen as our authoritative panel of family law attorneys and a financial planning professional discusses critical tax ramifications when negotiating and drafting settlement agreements in a divorce. The program will discuss allocation of alimony and support, tax consequences of property transfers between parties, ways to utilize exemptions, deductions, credits and innocent spouse relief for tax savings, and alimony recapture.

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Outline

  1. Common tax issues and impact on divorce negotiations and settlement
  2. Allocating alimony and child support payments
  3. Property transfers between spouses
  4. Effectively utilizing exemptions, deductions and credits
  5. Innocent spouse relief
  6. Alimony recapture
  7. 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
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

Vacovec, Kenneth
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

D’Alo, Armand
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

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