Many things come out in a divorce, not least of which are tax and financial planning issues like undisclosed foreign bank accounts, fraudulent returns, etc. The 2017 Tax Act has also impacted tax planning around divorces. This panel will cover what accountants need to know about divorce, the changes made by the 2017 Tax Act and how they impact divorce planning and analysis, and the potential tax issues that should be considered before the divorce agreement is finalized.
1. Understand the tax changes made to divorce arrangements under the 2017 Tax Act
2. Describe the potential issues that arise in a divorce surrounding tax issues and prior returns
3. Explain the steps to resolving potential tax issues before the divorce is finalized