Alimony and Child Support Must Be Recalculated After Errors
Tennessee case summary on alimony and child support in divorce. Thomas Robert Blakemore v. Lynn Ann Blakemore The husband and wife in this Henry County, Tennessee, case were married in 2002 and had one child. They separated after the wife was arrested in 2015 for threatening the husband and child with a butcher knife. The […]
Read More»Car Dealer Valuation Can’t Be Based on Buy-Out Value in Contract
Tennessee alimony divorce case summary after 17 years married. Kimberley Arnold Bates v. Charles Anthony Bates Comments from Robert Vance, CPA, ABV, CFF, CVA, CFP about this case: The Bates case does not break any new ground, but does support several very basic principles of business valuation of a closely-held company in a Tennessee divorce. […]
Read More»Music Manager Must Pay $17.5K Per Month Alimony
Tennessee alimony divorce case summary after 19 years married. Richard Egan v. Rachael Marie Bailey Egan The husband and wife in this Williamson County, Tennessee, case had been married almost 20 years at the time of their divorce. They had settled most issues, but were unable to agree on alimony. The parties lived in California […]
Read More»Res Ipsa Loquitur Loses Husband’s Divorce Appeal Argument
Tennessee case summary on divorce after 21 years married. Timothy Eugene Keeble v. Crystal Yvonne Keeble The husband and wife in this Loudon County, Tennessee, case were married in 1998 and had one child, born in 2002. The husband owned a business as a manufacturing representative, and the wife was a stay-at-home parent for most […]
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 […]
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