Community Property Issues for Taxpayers On-the-Go
EVENT DATE:
Jan 20,2022
PRESENTER(s): Monica Haven
1:00 PM ET | 12:00 PM CT | 10:00 AM PT |
120 Minutes
Today’s clients are mobile, often traveling, moving, working, or vacationing out-of-state and abroad. Some are married, while others get married far from home. At tax time, it is left to the savvy practitioner to determine the treatment of income and expenses resulting from spousal property subject to a community property regime applicable in nine US states and many foreign countries. If you are working with nomadic taxpayers, this course is a MUST!
Participants will understand:
Upon completion of this course, you will be able to:
- Understand that community property arises by operation of law.
- Recognize that community property laws can help to protect the rights of women.
- Distinguish between community and separate property.
- Use the taxpayer’s domicile to properly determine whether acquired property is subject to an applicable community property regime.
- Offer relief from community property laws to certain taxpayers with the application of IRC §879.allocations.
Credits and Other information:
- Session Duration: 2 Hours
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
- Session learning level: Introductory
- Delivery method: Group Internet Based
- IRS Credits: 2 Tax Hours
- IRS Course ID: PJGWS
Who Will Benefit:
- CPA
- Enrolled Agents (EAs)
- Tax Professionals
- Attorneys
- Other Tax Preparers
- Finance professionals
- Financial planners
Speaker Profile:
Monica Haven, E.A., J.D. has a Masters in Taxation (LL.M.) and is a graduate fellow and former faculty member of the National Tax Practice Institute®. In practice for more than 30 years as an Enrolled Agent, an Accredited Tax Advisor® and an Accredited Tax Preparer®, Monica is a sought-after guest lecturer on college campuses and at community organizations. Monica has been a long-term and active member of numerous professional organizations, including the National Association of Enrolled Agents, the National Society of Accountants, the National Association of Tax Practitioners, the National Society of Tax Practitioners, the California Society of Enrolled Agents, the California Society of CPAs, and the California Society of Accounting and Tax Professionals, as well as the Los Angeles County Bar Association, the Young Tax Lawyers Committee, and the Tax Law Society. Monica welcomes every opportunity to share her experience and expertise in the classroom even as she maintains her Southern California tax practice which serves national and international clients. Her students have said, she’s a “fantastic speaker” who can take “hard subjects and put them into concepts or analogies that are easy to understand.” For additional information, published articles and extensive, useful tax information.
