Alimony, Property Transfers Between Spouses/QDROs

CPE Credit: 4 hours

This 4-hour webcast will provide attendees with alimony rules prior to January, 2019 and changes brought about by TCJA of 2017, certain special rules relating to whether payments are, in fact alimony; with rules related to property settlements or transfers between spouses; and defining what is a QDRO.

Topics Covered:
●Overview
●Taxation of alimony and separate maintenance payments
▬Various rules
▬Alimony or separate maintenance payments defined
▬Divorce or separate maintenance instrument
▬Alimony recapture
▬Tax treatment of child support payments
▬Liability for payments after death

●Transfers of property between spouses
▬General rules for IRC §1041
▬Transfers considered incident to a divorce
▬Transfers of interest in IRA
▬Transfers of property to third parties on behalf of a spouse
▬Notice and recordkeeping requirement with respect to transactions under IRC §1041

●Qualified Domestic Relations Order (QDRO)
▬What is a QDRO
▬What qualifies as a QDRO?
▬Tax effect of QDRO distributions
▬Qualifications as an alternate payee
▬Required information
▬Provisions a QDRO must not contain
▬Responsibility for determining if an order qualifies as a QDRO

Learning Objectives:

●Recognize when payments are alimony or child support payments

●Be knowledgeable and conversant about spousal transfer issues

●Be able to become aware of situations involving a QDRO including qualification issues

Prerequisites:

●Basic knowledge various spousal situations