Basic Financial & Tax Concepts in Divorce Law
Improve your financial IQ and get comfortable with numbers
- Product Number: 2240094WAU
- Publication Date: 10/25/2023
- Length: 3 hours CLE Credit Note
- Copyright: © 2023 MCLE, Inc.
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Pricing: $195.00; Members: $175.50; New Lawyers: $97.50Free for OnlinePass subscribers.
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Product Description
Product Description
The program begins with a discussion about how to define income for support purposes and how that can differ from taxable income. We teach you how to read a personal tax return, focusing on how to identify components of income, and the meaning behind tax credits, deductions, and the alternative minimum tax. This program provides an overview of business financial statements, providing you with a comprehensive understanding of the four standard statements:
• Balance Sheet
• Income Statement
• Cash Flow Statement
• Owner or Shareholders’ Equity/Capital Accounts
The program also incorporates a broad-spectrum understanding of business tax returns, including the types of returns for various business entities and key aspects in the differences and similarities between various business entities. A segment focuses on how to interpret a client’s personal and business tax returns and incorporate this information into their court financial statement.
Ready for more advanced finance topics? Not to worry! Join our companion program: Advanced Financial & Tax Concepts in Divorce Law (Program # 2240095WBC).
- Agenda
- Faculty