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, […]
Read More»Wife Gets $5.5K x 30 Mos. + $4K Alimony In Futuro After 24 Yrs.
Tennessee alimony divorce case summary after 24 years married. Michelle Henry v. Richard H. Henry The husband and wife in this case were married in Davidson County, Tennessee, in 1995. The wife had two children from a prior marriage, and they had one child together. In 2018, the wife filed for divorce in Putnam County, […]
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»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»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»MD/Wife to Pay $2.4K/Mo. Alimony in Futuro to Stay at Home Dad
Tennessee case summary on divorce, child support, and alimony after 24 years of marriage. Christina Lee Cain-Swope v. Robert David Swope The husband and wife in this Davidson County, Tennessee, case were married in 1991. After the birth of the first of their three children, the husband became a stay-at-home father while the wife finished […]
Read More»Attorney/Wife Gets Transitional Alimony $2K x 36 Mos. After 13 Yrs.
Tennessee case summary on divorce, property classification, and alimony after 13 years married in divorce. Wright v. Wright The husband and wife in this Shelby County, Tennessee, case were married in Utah in 2005. It was the husband’s first marriage but the wife’s second. They had one child together, and the wife had an adult […]
Read More»How a Lifestyle Analysis is Your Loaded Gun in Alimony Negotiations
https://youtube.com/watch?v=jkV5HafCLEoVideo can’t be loaded because JavaScript is disabled: How a Lifestyle Analysis is Your Loaded Gun in Alimony Negotiations (https://youtube.com/watch?v=jkV5HafCLEo) A lifestyle analysis can alter the relative negotiating strength of the parties to a divorce. For more information, see Lifestyle Analysis | Alimony in Tennessee Divorce Law. There is an entire chapter devoted to Lifestyle […]
Read More»Pilot Father Must Pay for Respite Care for Disabled Daughter
Tennessee alimony modification case summary and special needs child. Christopher Maurice Kibbe v. Mary Carolyn Kibbe The mother and father in this Washington County, Tennessee, case were divorced in 2014. They were the parents of two children, one of whom was disabled. The father was granted 124 days per year of co-parenting time with the […]
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