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
0
https://youtube.com/watch?v=ERqPxGcDRKsVideo can’t be loaded because JavaScript is disabled: Financial Forensic Experts Find Lies That Win Divorce Cases (https://youtube.com/watch?v=ERqPxGcDRKs) 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 […]
Read More»Big Divorce Mistake #8: Being Cheap & Not Hiring a Forensic Accountant
https://youtube.com/watch?v=76Z3kKOKovcVideo can’t be loaded because JavaScript is disabled: Not Hiring a Forensic Accountant (https://youtube.com/watch?v=76Z3kKOKovc) 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 […]
Read More»Financial Abuse, Narcissists & Money: A Divorce Lawyer’s Perspective
https://youtube.com/watch?v=zXjFCyMdrbsVideo can’t be loaded because JavaScript is disabled: Financial Abuse, Narcissists & Money: A Divorce Lawyer's Perspective (https://youtube.com/watch?v=zXjFCyMdrbs) 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, […]
Read More»Forensic Accountants “Bring the Goods” to Divorce Lawyers
- At May 09, 2020
- By Miles Mason
- In Divorce Tips, Forensic Accounting
- 0
https://youtube.com/watch?v=5c7sAfamYeoVideo can’t be loaded because JavaScript is disabled: Forensic Accountants "Bring the Goods” to Divorce Lawyers (https://youtube.com/watch?v=5c7sAfamYeo) “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 […]
Read More»House Held Marital, But Husband Gets Back Down Payment
Tennessee case summary on property division in divorce. Wife v. Husband (No. E2018-00175-COA-R3-CV (Tenn. Ct. App. Mar. 3, 2020). Names removed upon request of a party. Prior to their 2013 marriage, the husband and wife in this Hamilton County, Tennessee, case were living in a home owned by the husband and leased by the wife. The […]
Read More»Finding the Right Financial Forensic Expert Isn’t Easy Peasy
https://youtube.com/watch?v=IQ-UgU3OrNAVideo can’t be loaded because JavaScript is disabled: How to Choose a Forensic Accounting Expert (https://youtube.com/watch?v=IQ-UgU3OrNA) Hiring the right forensic accountant takes work. Checking rates, retainer, experience, curriculum vitae, engagement letters, reputation assessment, publications, speaking, and reference checking from other lawyers requires a serious time commitment. Make the wrong referral to a divorce client? Game […]
Read More»Big Divorce Mistake #7: Ignoring Red Flags of Hidden Money
https://youtube.com/watch?v=d3wsrz23UYo There are many “red flags” of a spouse hiding money. Jeff Landers discusses many listed in Mason’s book in his Forbes article: 21 Signs That Your Husband May Be Hiding Marital Assets During Your Divorce. For a much more detailed discussion, see The Forensic Accounting Deskbook: A Practical Guide to Financial Investigation and Analysis […]
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, […]
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 […]
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