Although exact figures are hard to define, it is generally accepted that between 40 and 50 percent of first marriages in the U.S. end in divorce. The rate is even higher for second and third marriages. As a result, divorce and tax-related divorce issues are becoming more and more prevalent in the operations of tax practices throughout the nation.
This course is aimed at helping tax professionals understand their role with regard to divorcing clients and how to protect themselves as well as the rights of their clients as they go through the stages of a divorce. By asking the right questions, tax professionals will be able to properly assess the situation of divorcing couples and determine the best tax situation to obtain the lowest legal tax liability.