Divorce, Alimony and Property Settlements (Before and) After TCJA – A Wholly Different Rodeo
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The Tax Cuts and Jobs Act takes the alimony deduction away from some and puts it in jeopardy for others. And there’s a lot more to it than there was before. The planner or tax preparer cannot take anything for granted. One must know what to look for and proceed with caution.
Fundamental Course Information
Objectives of Learning
to become acquainted with the entirely new playing ground of divorce planning in general
To understand the tax compliance problems that every tax preparer faces when working with divorced, separated, or divorcing customers.
Major Topics
There will be no further deductions for divorce or separation agreements signed after 2018.
But what exactly does “executed” mean?
How previously arranged alimony may be brought into the fray
How pre- and post-nuptial agreements may be drowning in the soup
How to avoid having your economic soup knocked out of you
What is the new playing field now that dependence exemptions have been eliminated?
How property settlements now sound so different from before
Do ancient agreements warrant a makeover? Oh, how they could
The fruit basket has been shattered, and fruit is flying everywhere.
Don’t leave the house without understanding how to avoid having your head delivered to you.
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