Deducting Costs of Getting a Divorce
- At April 25, 2020
- By Miles Mason
- In After Divorce, Divorce Tips
0
Deducting Costs of Getting a Divorce. The IRS takes a dim view of deducting legal costs of divorce. Got it? But what if you are a business owner defending your ownership interest? Is that different? Also, see the discussion below about adding certain expenses to the tax basis of your assets. Mason Comment 1: Although […]
Read More»Kicking an Opposing Forensic Accounting Expert Off the Witness Stand
https://youtube.com/watch?v=Wie_pG-kmdwVideo can’t be loaded because JavaScript is disabled: Kicking an Opposing Forensic Accounting Expert Off the Witness Stand (https://youtube.com/watch?v=Wie_pG-kmdw) How to be successful challenging an expert witness’s qualifications. How does one challenge an expert witness for lack of qualifications as opposed to Daubert challenges? What are minimum qualifications to be admitted? Miles Mason, Sr. JD, […]
Read More»General Tax Rules for Alimony After Divorce
- At April 24, 2020
- By Miles Mason
- In After Divorce, Alimony, Divorce Tips
- 0
General tax rules for alimony after divorce. What is not alimony? Difference between child support? What if child support is underpaid? What about payments to persons other than the former spouse? Jointly-owned home expenses? Life insurance premiums? Mason Comment 1: Although I am a CPA, I hire a CPA to do my taxes. Why? I […]
Read More»Financial Forensic Expert Witnesses Should Know Rules of Evidence Cold
https://youtube.com/watch?v=1rj_IEO4iasVideo can’t be loaded because JavaScript is disabled: Financial Forensic Expert Witnesses Should Know Rules of Evidence Cold (https://youtube.com/watch?v=1rj_IEO4ias) What is Rule 702 of the Federal Rules of Evidence? For a much more detailed discussion, see The Forensic Accounting Deskbook: A Practical Guide to Financial Investigation and Analysis for Family Lawyers, Second Edition, authored by Miles […]
Read More»Don’t Underestimate Marital vs. Separate Property Disputes in Divorce
https://youtube.com/watch?v=cO_MHEm-a-AVideo can’t be loaded because JavaScript is disabled: Don’t Underestimate Marital vs. Separate Property Disputes in Divorce (https://youtube.com/watch?v=cO_MHEm-a-A) Marital and separate property disputes in divorce can be of the most hotly contested issues. What are marital assets in a divorce? Can separate property become marital property? Forensic accountants have a unique perspective which can make […]
Read More»Divorce Courts Must Find Facts Before Ruling on Classification
- At April 22, 2020
- By Miles Mason
- In Divorce, Property Classification
- 0
Tennessee case summary on property division classification in divorce. Nicola Dalili v. Sam A. Dalili The husband and wife in this Knox County, Tennessee, case were married in 2004 and had two children before the filing of their divorce case. Their property included a parcel of commercial real estate in Louisiana. While the divorce was […]
Read More»Forensic Accountants Uncover Income Manipulation in Divorce
https://youtube.com/watch?v=xS_qhuNW2ggVideo can’t be loaded because JavaScript is disabled: Forensic Accountants Uncover Income Manipulation in Divorce (https://youtube.com/watch?v=xS_qhuNW2gg) Can a forensic accountant find hidden bank accounts? Income manipulation usually starts with the tax return. Compare that with other financial documents. A lower documented income generally helps with lowering child support and spousal support. Miles Mason, Sr. JD, […]
Read More»Husband Must Pay Alimony After Wife’s Remarriage Because He Agreed To
- At April 20, 2020
- By Miles Mason
- In Alimony Modification
- 0
Tennessee alimony modification case summary after over 30 years married. Susan Hembree (Schumacher) Deluca v. Kerry James Schumacher The husband and wife in this Davidson County, Tennessee, case were married for over 30 years before their 2008 divorce. They signed a marital dissolution agreement that called for the husband to pay spousal support “as long […]
Read More»Forensic Accountants Know Money & Docs Better Than Divorce Lawyers
https://youtube.com/watch?v=LOi–7cNB2cVideo can’t be loaded because JavaScript is disabled: Forensic Accountants Know Money & Docs Better Than Divorce Lawyers (https://youtube.com/watch?v=LOi–7cNB2c) How can I find out if my husband or wife has a secret bank account? How can a forensic accountant help during a divorce? Forensic accountants know money and documents better than divorce lawyers. For a […]
Read More»Big Divorce Mistake #4: Not Valuing a Pension Interest
https://youtube.com/watch?v=bMGWtmtT0xAVideo can’t be loaded because JavaScript is disabled: Value the Pension Interests (https://youtube.com/watch?v=bMGWtmtT0xA) A spouse’s interest in a pension is often the most valuable asset of a marital estate, especially for long-term marriages. Valuing a pension interest may require the assistance (and report) from a forensic accountant. An example and sample report form may be […]
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