Though the division of property, assets, and debt is generally equal, sometimes one spouse will want to give up the assets in exchange for instalments of monetary compensation and interest on the payments.
Tax and Divorce
Your Children Are Worth More Under New Tax Laws
Your children are, without a doubt, your most valuable possession, and according to 1997 tax laws, you can claim a certain amount of tax credit for each of your dependents.
IRA Transfers and Divorce
If you’re transferring your interest in an IRA to your (former) spouse, you could get hit with extra tax and penalties if the transfer is not made correctly. Here’s the right way — and a couple examples of the wrong way — to transfer these funds.
New Capital Gains Tax Break
Find out how you can get a tax break if you have a certain amount of capital gain from selling your property.
IRS Declares Spouses More Innocent Than Before
Ginita Wall discusses the new amendments made to the innocent spouse provisions and the effects it will have on paying taxes.
Options — Valuation, Taxability, and Alimony
Over the past decade, options have been widely used as an incentive tool to lure an employee into a company and/or keep valuable employees from leaving. This article will educate readers about options, how they are valued, their taxability, and their impact on alimony.
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