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»Financial Forensic Experts Find Lies That Win Divorce Cases
- At May 16, 2020
- By Miles Mason
- In Divorce Tips, Forensic Accounting
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The first step is cross-checking key financial documents like tax returns, financial statements and other disclosures. What “smells wrong?” What is the continuum of lies? How lying can lose a divorce trial. For a much more detailed discussion, see The Forensic Accounting Deskbook: A Practical Guide to Financial Investigation and Analysis for Family Lawyers, Second […]
Read More»Big Divorce Mistake #8: Being Cheap & Not Hiring a Forensic Accountant
Separate vs. marital property determinations are on the heart of many divorces. Forensic accountants can make the difference in analyzing important factual arguments and documents needed to win in negotiations and the court room. For a much more detailed discussion, see The Forensic Accounting Deskbook: A Practical Guide to Financial Investigation and Analysis for Family […]
Read More»Financial Abuse, Narcissists & Money: A Divorce Lawyer’s Perspective
What is financial abuse? What are examples of financial abuse? Financial control can be part of a nefarious plot and key part of making the victim feel impotent, dependent, and isolated. Because financial abuse is so damaging, it must be addressed in the divorce. Why does financial abuse happen? How do you identify financial abuse […]
Read More»Forensic Accountants “Bring the Goods” to Divorce Lawyers
- At May 09, 2020
- By Miles Mason
- In Divorce Tips, Forensic Accounting
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“Every experienced family lawyer has ‘war stories’ in which a forensic accountant has saved a divorce case. If not, that family lawyer has lost cases that could have been won with one,” says Miles Mason, Sr. For a much more detailed discussion, see The Forensic Accounting Deskbook: A Practical Guide to Financial Investigation and Analysis […]
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