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»Wife Gets $5.5K x 30 Mos. + $4K Alimony In Futuro After 24 Yrs.
Tennessee alimony divorce case summary after 24 years married. Michelle Henry v. Richard H. Henry The husband and wife in this case were married in Davidson County, Tennessee, in 1995. The wife had two children from a prior marriage, and they had one child together. In 2018, the wife filed for divorce in Putnam County, […]
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 […]
Read More»Deducting Costs of Getting a Divorce
- At April 25, 2020
- By Miles Mason
- In After Divorce, Divorce Tips
- 0
Deducting Costs of Getting a Divorce. The IRS takes a dim view of deducting legal costs of divorce. Got it? But what if you are a business owner defending your ownership interest? Is that different? Also, see the discussion below about adding certain expenses to the tax basis of your assets. Mason Comment 1: Although […]
Read More»Kicking an Opposing Forensic Accounting Expert Off the Witness Stand
https://youtube.com/watch?v=Wie_pG-kmdwVideo can’t be loaded because JavaScript is disabled: Kicking an Opposing Forensic Accounting Expert Off the Witness Stand (https://youtube.com/watch?v=Wie_pG-kmdw) How to be successful challenging an expert witness’s qualifications. How does one challenge an expert witness for lack of qualifications as opposed to Daubert challenges? What are minimum qualifications to be admitted? Miles Mason, Sr. JD, […]
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