Taxation of Child Support and Alimony/Spousal Maintenance
Individuals going through a divorce often have many things to consider. One of those considerations that often is overlooked is whether the child ...
Division of Marital Property in Virginia
Equitable Distribution of Property The goal of Virginia's system of property division, known as "equitable distribution," is to fairly divide the cou...
Tax Implications of a Divorce and Support
The good news is that the Internal Revenue Service generally doesn't consider the transfer of assets between divorcing spouses a taxable event. In gen...
New Jersey Tax Questions FAQs
If I file a joint tax return with my spouse and we owe money to IRS, who is responsible? IRS will collect the tax liability from either one or your, ...
Federal Income Tax and Divorce FAQ's
My wife and I have been separated since May of last year, and now it's time to file taxes. Can we both file as single? If you're not yet legally divo...
Property and Debt Allocation in Minnesota Divorce
Marital Property In Minnesota, all property acquired during the marriage by either party is presumed to be marital property.1 This means that earning...
The Taxpayer Relief Act of 1997: A Summary for the Domestic Relations Practitioner
Introduction The Taxpayer Relief Act of 1997 (H.R. 2014; P.L. 105-34) (herein the "Act") has been characterized as the first major tax cut legislat...
The Seven Rules of Alimony and Taxes
In most cases, alimony payments are deductible to the payer (and count as income to the recipient). This can result in tax savings for both spouses.
For Women, Financial Help Is at Hand
Divorce is a life-changing event, and for most people, it is a financially devastating experience. Spouses who had little or no control over finances ...
