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»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»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»QDRO Upheld Even Though Errors and Variance from Decree
- At May 11, 2020
- By Miles Mason
- In After Divorce, Property Division
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Tennessee case summary on entry of QDRO after divorce. Doris Mpoyi v. Richard T. Mpoyi The husband and wife in this Rutherford County, Tennessee, case were divorced in 2010. Among the assets were the husband’s retirement accounts totaling about $100,000. The wife received 30% as of the date of divorce, with the husband receiving the […]
Read More»Forensic Accountants’ Full Employment Act: Appreciation of Separate Property
https://youtube.com/watch?v=fEO3DSqeDU4Video can’t be loaded because JavaScript is disabled: Forensic Accountants' Full Employment Act: Appreciation of Separate Property (https://youtube.com/watch?v=fEO3DSqeDU4) The Forensic Accountants’ Full Employment Act is Appreciation of Separate Property. Appreciation of separate property can present one of the most difficult financial and legal issues family lawyers can face. Help from a forensic accountant can make […]
Read More»Big Divorce Mistake #10: Mishandling the Pension QDRO & Elections
https://youtube.com/watch?v=XhZb1S8VVi8Video can’t be loaded because JavaScript is disabled: Mishandling the Pension QDRO & Elections: #10 Big Divorce Mistake (https://youtube.com/watch?v=XhZb1S8VVi8) What happens to retirement funds in divorce? What are some of the QDRO mistakes to avoid when dividing retirement plans in divorce? Qualified Domestic Relations Orders are called “QDROs.” The surviving spouse election must be handled […]
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 […]
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