John Faggio is a frequent speaker at professional associations, law firms, CPA firms, and religious groups. Past presentations include:
- Creative Financial Divorce Settlements
- Collaborative Divorce – How to Help and Retain Your Clients
- Financial Divorce Strategies for Mediators
- Financial Neutral Reports, When to Hold Them, When to Fold Them.
(Int'l Academy of Collaborative Professionals, Annual National Conference, Oct. 2008 )
Deciphering BusinessTax Returns in Divorce
Friday, January 13, 2017
Marriott SpringHill Suites
7055 Minstrel Way
Columbia, MD 21046
Early Bird registration (until 12/13/2016) $99
Regular Registration $119
Registration cut-off is 1/10/2017
This seminar, designed for attorneys who practice Family Law, will take an in-depth look of individuals or shareholders who show the financial results of their business on Schedule C of their personal tax returns or on a Subchapter S (S-Corp) tax return.
The presentation will include detailed analysis that CPAs use to determine if business owners have manipulated or attempted to hide income in business operations.
- Learn the benefits of using “pinpoint” Interrogatories and Discovery v. the “kitchen sink” variety
- Discover what tax return schedules are minimally necessary to calculate “income available for support”
- Gain an understanding of the differences between cash flow and taxable income and how owner perquisites can affect case analysis
- Learn how to decipher fact from fiction in reviewing a business owner’s Long-form Financial Statement
- Learn why the K-1 is just the starting point of the case analysis
Continental Breakfast will be available and included in the cost.
Seating is limited, register today!
Cancellations prior to and including 01/05/2017 will be refunded at 100% less a $10 processing fee. No refunds will be given for cancellations after that date.If the event is cancelled due to inclement weather, registrants will receive 100% of the fee paid or full credit to a future seminar.
Demystifying Pension Plan ValuationsThis webinar was designed for Family Law attorneys and will focus on the two methods of dividing of Pension Plans in divorce situations.
The presentation will include a sample plan valuation and show how the “bottom line” can differ with changes in assumptions.
Participants will learn:
¨ How to quickly identify when a valuation is necessary
¨ What variables are left to the Valuator’s discretion and their impact on the final value
¨ What documents are required to complete a valuation
¨ How the Bang’s Formula (Coverture Fraction) is used in Pension Valuations
¨ Why the Ruling in Jackson v. Sullie could trigger a financial quagmire for divorce professionals
Tax and Financial Considerations of Maintaining or Disposing of the Marital Home
The presentation will also include the latest mortgage requirements to refinance the marital home mortgage on a timely basis.
The class will give you the facts on:
- Who is entitled to the mortgage interest & taxe deduction
- How the payment of the mortgage can affect filing status and actually increase taxes
- Why the out-spouse may not be able to deduct mortgage interest paid on the marital home
- Why purchasing a new house v. renting may not be a good idea for a divorcing individual
Reading Tax Returns - What's Taxable, What's "Available," What's Bogus?
The presentation will include top level analysis that CPAs use to determine if business owners have hidden or deferred income in business operations.
Attendees will learn how to:
¨ Quickly review a tax return to determine “if there’s smoke”
¨ Determine what tax return schedules are necessary to calculate “income available for support”
¨ Understand the differences between cash flow and taxable income
¨ Decipher fact from fiction in reviewing a business owner’s Long-form Financial Statement
¨ Know when a forensic CPA is needed
Divorce Tax Traps - What they are and how to avoid them
The negotiations are finished. Each spouse is satisfied with the amount of property that they will receive. Alimony has been determined. You’re done, right?
No! I’ve reviewed a considable number of agreements that have not considered or have mishandled one or more of these issues that can lead to substantial, future tax liabilities:
¨ Alimony that ends at a child’s life event
¨ Filing Status during the divorce process and subsequent
¨ Mortgage interest and tax deductions
¨ Converting the rental into a residence
¨ Tax Credits for the custodial and non-custodial parent
¨ Improper transfers of retirement plans
¨ Tax losses that incorrectly benefit one spouse
This seminar will benefit anyone going through the divorce process, including those waiting for a draft or final copy of their agreement. Family Law attorneys and their Associates will also benefit as we will be covering tax law nuances that affect virtually all divorce cases.
Debunking the Myth of the “Innocent Spouse”
Included in the cost of the seminar, Glen Frost*, Attorney and CPA, will give a special presentation on the sometimes misconstrued notion that Innocent Spouse protection is easily attained.
*Mr. Frost focuses his national and international practices on representing clients in collection, examination, and appeals matters pending before the (IRS).How to Financially Survive Your Divorce
Tuesday, February 3,2015
Hampton Inn, Columbia South
For individuals who are "stuck in the process" or those just starting out, this seminar will address the financial pitfalls that most people face in the divorce process and how to avoid them.
Designed to save you time, energy, and money during this most difficult time in your life, topics will include process selection, alimony determination, minimizing or eliminating income taxes, how to determine what a "fair settlement should be, business ownership issues, and more.