This course is specifically for Enrolled Agents that need to report to the IRS.

In this mini-course, initial marital tax matters such as living together, property rights, premarital agreements, filing status, exemptions, and dependents are explored. The detail support test for children of divorced or separated parents, the tax treatment of back child support, the deduction of divorce costs, and estimated tax payments are reviewed. Emphasis is given to marital property rules, married versus unmarried tax rate comparison, head of household status, and treatment of refunds and deficiencies.

Learning Assignment & Objectives

As a result of studying the assigned materials, you should be able to meet the objectives listed below.

ASSIGNMENT

At the start of the materials, participants should identify the following topics for study:

• Marital status
• Joint return
• Separate returns
• Head of household
• Exemptions
• Divorce costs
• Withholding & estimated tax
• Community property states
• Ending the community
• Living together

Learning Objectives

After reading the materials, participants will be able to:

1. Determine marital status and describe the effect marital status has on filing status, list the tax advantages and disadvantages of a filing status, clarify the requirements for filing as head of household, and explain the exemptions associated with spouses and dependents.
2. Distinguish between custodial and non-custodial parents explaining how the status affects dependency, discuss the applications of special support rules, and apply dependent child income standards.
3. Define common law and community property its affect on marital and divorce planning, and identify the circumstances when payments qualify as §71 alimony.

Revision Date: 3/19/2024

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
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