The Tax and Financial Implications of DivorceAlimony, Property Settlements, Custody, and Other ConsiderationsRecently divorced individuals...Sheppard, Ryan C
While equitable distribution in Florida does not necessary mean equal, if you want as fair of a settlement as possible for your divorce, ensure that you take the tax consequences into consideration before signing any agreement. Also ensure that your Attorney is knowledgeable enough in the area of...
A divorce can mean new beginnings. It can also mean new tax implications. CPA and TurboTax tax expert Lisa Greene-Lewis has the divorcee's guide to filing taxes after this major life event.
544Sales and Other Dispositions of AssetsPublication 544 addresses the tax implications (reporting requirements, types of tax due, etc.) of selling or otherwise disposing of assets, such as stocks and other investments, as well as real property. ...
by the amount in state and federal taxes, including things such as social security payments. Therefore, it is critical to have a grasp on what your overall tax liability may be post-divorce well in advance of the divorce in order to really put the tax implications of divorce into ...
(excluding the settlor) to whom they can distribute the trust funds. The beneficiaries do not have any entitlement to the trust fund thus it does not form part of their estate on divorce, bankruptcy or death. Due to this flexibility the trusts are possibly subject to an entry ...
agreement is in the divorce decree. A court order that specifically modifies an original divorce or separation instrument relates to the ending of the marriage and thus is incident to the divorce (with tax implications described later), even if it is issued many years after the divorce. ...
Ultimately, thetax implications of selling a houseare straightforward, but some tricky situations can present challenges. We recommend checking out effective strategies on how to reduce oravoid paying capital gains taxand theIRS’s tipsfor home sales and their tax implications. ...
What's certain heading into 2025, however, is that there will be a new tax bill to extend and/or replace TCJA. And while it may not represent as large of a shift from the status quo as TCJA did in 2017, it could still have tax planning implications for millions of Americans – at ...
There are significanttax codeimplications that could impact how much of the net proceeds you end up with after the sale and what the potential tax liability may be on the sale. Let's take a look at how the newest tax laws affect you if you decide to sell your home. ...