On Taxes and Divorce: What are you responsible for?
Everybody knows that next to shagging rights, the right to file a joint tax return with one’s spouse is one of the best perks of holy matrimony. But it can also be a landmine when you are dealing with...
View ArticleDivorce and taxes: How paying child support and alimony can reduce your tax bill
It’s tax season, baby! Yes I know. It’s a $%#^ing nightmare. But let’s not curse. Okay. Okay. Let’s see. Let’s see if we can figure out this issue. It’s very convoluted and I hate it, frankly, this tax...
View ArticleDivorce aid: Will Obama’s stimulus package aid divorcing couples?
DIVORCE AID on it’s way? Economic stimulus bill, economic stimulus plan, stimulus package…that’s all I’ve been hearing in the news lately. Stimulus. Stimulus. Stimulus. Everybody is looking for their...
View ArticleWho gets the tax exemption after a divorce?
Usually, if there is more than one child, and an “even” number of children, the parents share the exemptions equally. If there is an “odd” number of children, then the parent who pays child...
View ArticleNEW YORK: Are society wives (like Nancy Silverman and Marie Douglas David)...
I was aghast when an acquaintance declared that people like Nancy Silverman, Marie Douglas David and Slavica Ecclestone, are nothing but a bunch of “female gigolos.” All three are in the midst of high...
View ArticleShould people pay a tax to get divorced?
Divorce is the ultimate sin. Shouldn’t transgressors pay a “sin tax?” People pay taxes on fat foods. They pay taxes on cigarettes. Why shouldn’t they pay a tax on divorce? What is more reprehensible...
View ArticleDivorce-tax fraud: Over-stating taxes and other tricks
DIVORCE TAX FRAUD: OVER-STATING TAXES AND OTHER TRICKS Has your spouse used the tax system to defraud you out of money you should have gotten in your divorce settlement? Here’s one trick to look out...
View ArticleNEW YORK: DIVORCE & The GIFT TAX
NEW YORK DIVORCE & THE GIFT TAX With some exceptions, any transfer of property is subject to the gift tax, including transfers made pursuant to a settlement agreement in a divorce action. That is...
View ArticleDivorce settlements and tax consequences: alimony vs. property settlement
If it is alimony it is taxable to the recipient and tax deductible by the payor. If it is a property settlement it is not taxable or deductible. How can you know if you have alimony which is taxable...
View ArticleDo American divorce lawyers have a legal duty to report tax cheats and tax...
a UK law, dating back to 2003 makes it a legal duty for divorce solicitors in the UK to report "suspicions" of tax dodging and tax cheating to the National Criminal Intelligence Service pursuant to the...
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