Learn how to apply, implement and evaluate the strategic tax aspects of marital and financial setbacks. This course will examine property transfers, asset divisions, alimony, filing status, exemptions and child support. We'll also discuss the cancellation of indebtedness income inclusion rules in debt forgiveness and property foreclosure. Emphasis is given to the exceptions from income inclusion contained in 108. The tax treatment of property repossession under 1038 and bad debt treatment under 166 is reviewed.