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SEATTLE, WA, January 02, 2014 /24-7PressRelease/ -- Top divorce lawyers Philip C. Tsai and Todd R. DeVallance of Tsai Law Company, PLLC, are teaching a tax and divorce seminar through the National Business Institute on January 22, 2013.
There are many tax issues that arise in the context of divorce. A professional working in this industry should always ask themselves, "are you confident in your knowledge of relevant tax law affecting each of your divorce clients". If you want to explore the pitfalls and opportunities of taxation during and after divorce to help cushion your clients' financial blows, this seminar will assist you in helping your clients. It will also help make the best use of available tax exemptions and techniques for dealing with the taxation of property during transfers or division in the context of divorce. This seminar will help you gain the knowledge to confidently advise your clients.
Explore the details of family support taxation, payment and recapture. Get new techniques for dealing with the taxation of "family home" transfers and other property division. Review real-life scenarios that illustrate the most common tax challenges in divorce and get practical solutions you can use in your next case. This legal primer is designed for family law attorneys. It may also benefit accountants and wealth managers.
Some of the topics to be discussed include:
- Helping Your Client Understand Common Tax Issues
- Filing Status of Divorcing Parties
- Joint vs. Separate Filings
- Amending Tax Returns
- Refusal to File a Joint Return
- Innocent Spouse Relief
- Unpaid Tax Liabilities
- Taxation of Asset Transfers in Divorce
- Tax on Sale of Marital Home
- Child and Spousal Support Taxation
- IRS Sections 71 and 215
- Installment Payments
- Dependency Exemption
- Recapture Rules
- Taxation of Business Interests in Divorce
This seminar is critical for the tax professional helping clients going through a divorce or legal separation.
Tsai Law Company, PLLC, is a boutique law firm practicing divorce and family law in Seattle, Washington. About the authors:
PHILIP C. TSAI is co-founder of Tsai Law Company, PLLC, exclusively practicing family law and divorce litigation. Mr. Tsai is a speaker at continuing legal education seminars through the Washington State Bar Association and was featured with Judge Michael Price at the Family Law Mid Year in 2011, discussing ethical issues and social media. He also has been a speaker through the King County Bar Association discussing spousal maintenance, separate property claims and other divorce related topics. Mr. Tsai is a member of the Washington State, Snohomish, Pierce and King County (member, Family Law Section) bar associations. He earned his B.A. degree, cum laude, from the University of Washington and his J.D. degree, cum laude, from Seattle University School of Law.
TODD R. DeVALLANCE is an attorney with Tsai Law Company, PLLC, who focuses his practice primarily on family law, which has included defense of family related criminal cases. He has experience in all aspects of family law, including cases involving child protective services; domestic violence protection orders; interstate custody disputes; divorces involving business owners, partners and shareholders; medications; trials; and appeals. Mr. DeVallance's practice also includes estate planning; drafting of wills and trusts; and preparing prenuptial and postnuptial agreements. He is a member of the Washington State and King County (member, Family Law Section) bar association. Mr. DeVallance earned his B.A. degree, magna cum laude, from Chaminade University, his J.D. degree from Gonzaga University School of Law, and his LL.M. in taxation from the University of Washington School of Law.
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