IRS Requirements to Deduct Alimony on Your Tax Return
- At April 27, 2020
- By Miles Mason
- In After Divorce, Alimony, Divorce Tips
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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, […]
Read More»If You Qualify, You Want to File as Head of Household After Divorce
- At April 25, 2020
- By Miles Mason
- In After Divorce, Child Custody, Divorce Tips
- 0
After divorce, filing head of household (as opposed to filing as a single person) can save you real money if you qualify. Unmarried? Keeping up a home? Itemized deductions on separate returns? Who are qualifying persons? What if a qualifying person died? Mason Comment 1: Although I am a CPA, I hire a CPA to […]
Read More»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»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»IRS “Reminders” for Divorced or Separated Individuals
- At April 11, 2020
- By Miles Mason
- In After Divorce, Alimony, Divorce Tips
- 0
IRS Reminders for divorced and separated individuals: alimony law changed, tax, interest, penalties, social security numbers for kids, ITIN, change of address, and name change after 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 […]
Read More»Wife Gets Half of Nothing When Husband’s Pension Reduced to Zero
Tennessee case summary on retirement property division after divorce. Kelly Colvard Parsons v. Richard Jearl Parsons The husband and wife in this Shelby County, Tennessee, case were divorced in 2014, based upon a marital dissolution agreement by the parties. Seven months prior to the divorce, the husband had retired from the FAA, where he had […]
Read More»Dad Not Entitled to Order of Protection for Alleged “Peeking”
Tennessee case summary on standard of order of protection. Todd Goldman v. Nicole Griffin and Peter Griffin The ex-husband in this Davidson County, Tennessee, case filed petitions for orders of protection against his ex-wife and her new husband. He alleged that they showed up at his property unannounced and peeked through windows while he was […]
Read More»GAL Having Been Law Clerk Not Bias for Judicial Recusal
Tennessee case summary on judicial recusal. Catrice Thomas Dye v. Willie B. Dye, Jr. The parties in this Shelby County, Tennessee, case were divorced in 2019. Less than a month after the final decree was entered, the mother filed a petition to amend the judgment based upon new evidence. She also requested that the 16-year-old […]
Read More»Court Can Split Attorney Fees When Both Parents Prevail
Tennessee case summary on attorney’s fees in family law. Steven J. Dale v. Sharon K. Ball Dale The mother and father in this Williamson County, Tennessee, case were divorced in 2011, and entered into a permanent parenting plan for their three children. In 2014, both parents filed a motion to modify the parenting plan. While […]
Read More»Dad Held in Contempt After Teen Daughter’s Dispute With Mom
Tennessee child custody case summary on after divorce. Cheryle Luane Levoy v. Jason Hunter Levoy The mother and father in this Overton County, Tennessee, case divorced in 2013. The parenting plan eventually named the mother the primary residential parent, with the father having 125 days per year of parenting time. A dispute arose when the […]
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