Disbarred Ex-Husband Ordered to Pay $240K in Attorney’s Fees
- At July 01, 2020
- By Miles Mason
- In After Divorce, Attorney's Fees
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Tennessee case summary on attorney’s fee in divorce. JILL ST. JOHN-PARKER v. VIRGIL DUANE PARKER The husband and wife in this Bradley County, Tennessee, case were married for over twenty years before their divorce. The husband was an attorney, the wife was a CPA, and they accumulated a large estate during the marriage. The husband, […]
Read More»Father Found in Contempt for Child Support After Two Appeals
Tennessee child support case summary on income determination and contempt. Jeffrey Glenn Mitchell v. Carol Ann Thomas Mitchell This divorce case from Blount County, Tennessee, was the subject of an appeal to the Tennessee Court of Appeals in 2019. The parties in that case had divorced and were back in court regarding modifications of child […]
Read More»Assignment of Estimated Tax Payments in a Divorce
How are tax refunds split in divorce? How are estimated tax payments assigned in a divorce? If you and your spouse made joint estimated tax payments for 2019 but file separate returns, either of you can claim all of your payments, or you can divide them in any way on which you both agree. If […]
Read More»Sale of Principal Residence after Divorce: 2019 Tax Law
Who Claims House on Taxes if Divorced? Can capital gains split between spouses? Capital Gains Tax When You Sell Your House at Divorce. Mason Comment 1: Although I am a CPA, I hire a CPA to do my taxes. Why? I can’t keep up with all of the changes in tax law. I have to […]
Read More»Who Pays the Taxes on a QDRO Distribution after Divorce?
Who Pays the Taxes on a QDRO Distribution after Divorce? If you receive an eligible rollover distribution under a QDRO as the plan participant’s spouse or former spouse, you may be able to roll it over tax free into a traditional individual retirement arrangement (IRA) or another qualified retirement plan. Do I have to pay […]
Read More»Dividing an IRA: 2019 Tax & Divorce Law
Tax-Free IRA Transfer for Couples Going Through Divorce. Divorce tax strategies and dividing an IRA. Mason Comment 1: Although I am a CPA, I hire a CPA to do my taxes. Why? I can’t keep up with all of the changes in tax law. I have to worry about keeping up with divorce law. That’s […]
Read More»Are legal fees for divorce tax deductible in 2019?
Are divorce legal fees tax deductible in 2019? Can I deduct a divorce settlement on my taxes? Legal Fees for Divorce: What’s Deductible? What kind of legal fees are tax deductible? Mason Comment 1: Although I am a CPA, I hire a CPA to do my taxes. Why? I can’t keep up with all of […]
Read More»2019 Tax Law: Transfer of Property in a Divorce Settlement
Tax Issues When Dividing Property Due to Divorce. Tax-Free Transfers Incident to a Divorce – What Qualifies? Making Tax-Smart Property Transfers in Divorce. Mason Comment 1: Although I am a CPA, I hire a CPA to do my taxes. Why? I can’t keep up with all of the changes in tax law. I have to […]
Read More»QDRO Upheld Even Though Errors and Variance from Decree
- At May 11, 2020
- By Miles Mason
- In After Divorce, Property Division
- 0
Tennessee case summary on entry of QDRO after divorce. Doris Mpoyi v. Richard T. Mpoyi The husband and wife in this Rutherford County, Tennessee, case were divorced in 2010. Among the assets were the husband’s retirement accounts totaling about $100,000. The wife received 30% as of the date of divorce, with the husband receiving the […]
Read More»IRS Requirements to Deduct Alimony on Your Tax Return
- At April 27, 2020
- By Miles Mason
- In After Divorce, Alimony, Divorce Tips
- 0
In order to be allowed to deduct your alimony payments, what is required? The IRS takes a dim view of former spouses to game the tax system by disguising property transfer in the form of alimony. Here, we discuss more details on cash payments, not designated as alimony, can’t be members of the same household, […]
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