Family Law

4.18

Accounting and Tax Guide for Divorce Attorneys

Credits Available
Credit Status Total
Alaska CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Idaho CLE Upon Request 6 Total
Illinois CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Montana CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
OnDemand
5 hours 52 minutes
Corinne Kaplan
Shane Read
C. Page Hamrick
With Corinne Kaplan + others
Recorded March 07, 2024
Product ID 98138

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Overview

Hidden Income, Asset Valuation, the Tax Implications of Divorce, and More

The ability to handle financial issues in a divorce case is paramount. Join our experienced faculty as they discuss key accounting and tax insights that divorce attorneys ought to know. Take your skills to the next level and get the knowledge you need to ensure a fair division of assets and property for your clients - register today!

  • Gain a better understanding of how to utilize financial disclosure statements and tax return analyses in divorce law practice.
  • Know what to look for and what to do to ensure that hidden assets and income are found in discovery.
  • Learn how to trace and document that assets are marital or non-marital.
  • Get familiar with what divorce attorneys need to know when it comes to asset valuation.
  • Discuss the tax implications of property sales, transfers or distributions of retirement benefits, and more.

This program was designed in conjunction with NBI's esteemed 2023-2024 Content Advisory Committee Member Erika MacCormac.

Abbreviated Agenda

  1. Financial Disclosure Statements and Tax Return Analysis
  2. Locating Hidden Assets and Income
  3. Commingled Assets: Tracing Separate vs. Marital Property
  4. Asset Valuation: What Divorce Lawyers Must Know
  5. Tax Implications of Divorce: Property Transfers/Sales, Tax Credits, and More
  6. The Tax Implications of Retirement Plans in Divorce

Related Topics

Product ID 98138

Credit Details

Credits Available
Credit Status Total
Alaska CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Idaho CLE Upon Request 6 Total
Illinois CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Montana CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Financial Disclosure Statements and Tax Return Analysis

    1. Taxable Gross Income and Deductions vs. Support Gross Income and Deduction
    2. Passive and Income Generating Accounts
    3. Business Tax Returns and Personal Tax Returns
    4. Other Documents That Tell the Tale

  2. Locating Hidden Assets and Income

    1. Subpoena Powers to Ensure Financial Statements and Identification Reviews
    2. Transfers of Funds to Others: Gifts, Changes to Retirement Contributions, Withdrawals and Loans
    3. Employment Compensation

  3. Commingled Assets: Tracing Separate vs. Marital Property

    1. Separate vs. Marital Property
    2. Proof and Tracing Burdens
    3. Hybrid Property: Brandenburg-Hart Formula and Other Options

  4. Asset Valuation: What Divorce Lawyers Must Know

    1. Real Estate Appraisals and Market Variables
    2. Business Valuation: Determining Fair Market Value, Assessing Goodwill, and Future Earnings Potential
    3. Valuing Other Key and Unique Assets
    4. Expert Witnesses for Valuation

  5. Tax Implications of Divorce: Property Transfers/Sales, Tax Credits, and More

    1. Filing and Head of Household Status
    2. Dependency Exemptions vs. Child Tax Credit Eligibility and Claims
    3. Property Transfers and Sale of Assets
    4. Potential Tax Implications of Modifying Spousal Support
    5. Tax Deductions and Credits and Effects on Reportable Income

  6. The Tax Implications of Retirement Plans in Divorce

    1. 401(k)s, 403(b)s, and Pension Plans: What's the Difference?
    2. Roth and Traditional IRAs
    3. Alimony Payments vs. Retirement Plan Distributions - Tax Benefits and/or Consequences
    4. Traditional Penalties for Withdraws and Ways to Avoid via QDROs

Who Should Attend

This program is designed for attorneys. Accountants and paralegals may also benefit.

Speakers

Corinne Kaplan
Corinne
Kaplan
Shane Read
Shane
Read
Shane Read CPA Accountancy
C. Page Hamrick III
C. Page
Hamrick, III
C. Page Hamrick III, Attorney at Law
Speaker bio
Corinne Kaplan

Corinne Kaplan

Corinne Kaplan

is president/CEO of her southeastern Wisconsin based law firm, Kaplan Law Firm, S.C., founded in 1992. Additionally, she serves as a business and sport law professor teaching sport law, business law, accounting, tax, economics, ethics and human resources management. Ms. Kaplan also has taught at the University of Wisconsin-Milwaukee, Cardinal Stritch University, Milwaukee Area Technical College, Lakeland College, Indiana University - Bloomington and other institutions. Her previous experience includes working in the tax department of Peat Marwick; serving as in-house counsel for the Kidder Peabody investment firm; and in the tax and sport departments for Davis & Kuelthau, S.C. law firm, as well as two domestic relations boutique firms. Ms. Kaplan has provided legal counsel for many sport industry and hospital based charitable organizations. She has published articles for Corporate Report Wisconsin, and other publications, and has frequently presented key note addresses, papers and seminars for National Business Institute, local bar associations, local management associations, business and management universities, Wisconsin Association of Independent Colleges and Universities, and the National Sport Lawyers Association. She earned her B.A. degree from Indiana University-Bloomington and her J.D. degree from Indiana University-Indianapolis. Ms. Kaplan is admitted to the Wisconsin Bar, and served as the 2010 president of the Ozaukee County Bar Association.

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Speaker bio
Shane Read

Shane Read

Shane Read CPA Accountancy
Shane Read

, CPA/ABV, CFE with Shane Read CPA Accountancy, specializes in business valuation and litigation support relating to financial issues. His experience encompasses a wide range of issues in family law and civil litigation, including business appraisals, tracing of separate property, income available for support, damage analysis, and uncovering unreported income and hidden assets. Mr. Read graduated with a M.S. degree in accounting from the University of Tampa and has been working in public accounting since 2007. While in Tampa, he gained three years of experience in external audit and income tax preparation. Mr. Read is licensed as a certified public accountant by the state of California. He has served as a court appointed expert under Evidence Code 730. Mr. Read is a certified fraud examiner, and has been given the title of accredited business valuator by the American Institute of Certified Public Accountants. He appreciates the growth opportunities and challenges that business valuation and litigation support afford.

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Speaker bio
C. Page Hamrick III

C. Page Hamrick, III

C. Page Hamrick III, Attorney at Law
C. Page Hamrick

, J.D., CPA, is the principal of the Charleston law firm of C. Page Hamrick III, Attorney at Law. He has concentrated his practice in the areas of divorce law, tax and corporate estate law. Mr. Hamrick has served as a family law master, as assistant attorney general, as counsel to the West Virginia Legislature and as a hearing officer for numerous state agencies. He is a certified public accountant. Mr. Hamrick has testified as an expert witness in matters involving federal and state tax, financial analysis and real estate. He is a member of The West Virginia State Bar, American Association of Attorney-CPAs and West Virginia Society of Certified Public Accountants. Mr. Hamrick regularly teaches tax and law courses at Marshall University and has taught accounting at West Virginia University-Tech. He earned his B.S.B.A. and J.D. degrees from West Virginia University, and his M.B.A. degree from the Marshall University (formerly WVCOGS).

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