Adjusted Gross Income? Effective tax rate? S Distributions? Is it all Greek to you?
Designed for newer attorneys or family law practitioners looking for a refresher, this program will walk you—step-by-step—through both personal and business income tax returns, and business financial statements. With instruction from an AAML Fellow and Certified Public Accountant, you will learn to confidently determine an individual's gross income and net income, and an individual’s income for purposes of support, business book income, business tax income, business retained earnings and business cash flow. Not included in IICLE® Online All-Access subscription.
Credits: 3 General, 0 Diversity/Inclusion PR, 0 MH/SA PR, 0 Other PR
With so much material to cover we added a second part to this important topic. Part 2 is now available.
The Illinois Marriage and Dissolution of Marriage Act defines gross income as the total of all income from all sources. Family law practitioners are called upon daily to calculate gross income for their clients and the for the court for purposes of calculating child support and maintenance. The first step in doing so is reviewing the parties’ individual income tax returns, business income tax returns and business financial statements. This course, led by a Fellow of the American Academy of Matrimonial Attorneys who is also a Certified Public Accountant, will walk practitioners step by step through personal income tax returns, business income tax returns and business financial statements. Attendance at this webinar will teach family law practitioners to confidently determine an individuals’ gross income and net income, and individual’s income for purposes of support, business book income, business tax income, business retained earnings and business cash flow.
Faculty: Jennifer Fletchall, J.D., CPA, Levin & Brend, P.C., Chicago
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