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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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: Big Divorce Mistake #8: Being Cheap & 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. […]
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»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=d3wsrz23UYoVideo can’t be loaded because JavaScript is disabled: 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 […]
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, […]
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