Strategies for Guiding Clients Through Challenging Situations: Tax Insights

Overview

This course equips practitioners with the knowledge to help clients navigate complex tax and financial challenges. Covering a range of difficult situations—such as divorce, bankruptcy, and other personal and business matters—this course provides key tax insights and strategic planning considerations. Participants will gain practical strategies to support clients in making informed decisions while understanding the tax implications of these situations.

Highlights

• Tax considerations in divorce, including support obligations and property division
• Bankruptcy, debt cancelation, and financial hardship tax implications
• Tax treatment of cohabitation, premarital agreements, and exemptions
• Child support, alimony, and dependency issues
• Business dissolution and tax consequences
• Filing status options and tax rate comparisons
• Head of household qualifications and tax advantages
• Impact of refunds, deficiencies, and marital property rules

Prerequisites

None

Designed For

CPAs, EAs, attorneys, and financial planners

Objectives

• Assess tax and financial considerations in challenging client situations.
• Identify tax implications of divorce, including filing status, property division, and support obligations.
• Explain tax consequences related to bankruptcy, debt cancellation, and foreclosure.
• Evaluate tax treatment of cohabitation, premarital agreements, and dependency exemptions.
• Determine tax implications of child support, alimony, and back child support.
• Recognize tax effects of business dissolution and ownership changes.
• Compare tax rates and filing options for married and unmarried individuals.
• Explain tax treatment of refunds, deficiencies, and marital property rules.

Preparation

None