Illustrates how game theory can be used to make a divorce negotiation settlement beneficial to both parties. Disadvantages of mistrust and suspicion in a divorce negotiation procedure; Emphasis on the need of cooperation to settle divorce negotiations; Definitions of cooperative and collaborative divorce ...
Tax brackets and capital gain tax rates are normally based on “Taxable Income,” which is Line 15 on theIRS Form 1040. To find which tax rate you fall under, you first need to determine your total taxable income. Gather all your income sources, such as wages, salaries, self-employment e...
The new tax law also affects divorce expenses.Spouses can no longer deduct legal feesor any expenses related to divorce like they could before. Those are now considered personal expenses under the law. And child support payments aren't deductible by the payer or taxable to the recipient. Is i...
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A legal separation agreement includes many of the same terms as a divorce settlement and is intended to address any pertinent financial and personal obligations both parties have going forward. The document typically addresses things like the division of assets and property, child custody agreements, ...
Waldo and Fern are negotiating a divorce settlement.Waldo has offered to pay Fern $12 ,000 each year for a guaranteed 10 years.What are the tax implications of this proposition? I.Since the payments are periodic and in cash, the payments qualify as alimony.II.If the payments qualify as ch...
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Payments Pursuant to a Divorce Settlement:Alimony is not a gift, but rathertaxable incometo the recipient (payee) and a tax-deductible contribution to thepayer. Property transfers within a year of a marriage's termination and related to that termination are deemed pursuant to a divorce decree an...
After he left prison, Boesky enrolled in rabbinical studies and became involved in projects helping people experiencing homelessness. He stayed out of the spotlight, living quietly in La Jolla, Calif., on a $23 million payout he received in a 1991 divorce settlement from his wife, Seema Silbe...