Divorce: What Clients Should Know Before They Sign

The divorce rate is now over 50%. Understanding the ins and outs of the issues that arise during a divorce is a required skill for tax professionals. It's also a highly marketable skill, as divorce attorneys are always on the lookout for referrals of knowledgeable tax professionals. This is a new hot topic because of the tax law changes impacting divorcing couples: COVID-19 financial assistance, the child tax credit and the earned income credit. Common issues include determining which taxpayer is the custodial parent and which is the noncustodial parent, who gets which tax goodies, who gets the deduction for the home mortgage interest and real estate tax. This webinar addresses the issues your clients will face before and after a divorce has been finalized.