by Administrator | Jul 29, 2018 | Personal Divorce, Tax Risks in Divorce
Property that appreciates over time may have what is often referred to as a built-in tax gain. What is a built in tax gain? It is the capital gain a taxpayer will generate as a result of selling the property after the divorce and after the tax exclusion outlined...
by Administrator | Jul 29, 2018 | Personal Divorce
Background In the United States, Spouse 1 can access social security benefits accumulated by Spouse 2 as long as the marriage has lasted at least 10 years. These social security benefits are not available to Spouse 1 until Spouse 1 reaches at least age 62. If Spouse 1...
by Administrator | Jul 29, 2018 | Personal Divorce
Parties who are going through a divorce often ask how the down payment made by one or both spouses should be handled in a divorce process. The down payment is usually an area that is overlooked and not addressed. Many times the down payment simply becomes part of the...
by Administrator | Jul 17, 2018 | Personal Divorce
Personal identification numbers are provided to taxpayers who have discovered the hard way their tax return was already filed by someone else. This is considered a fraudulent activity. In these situations the IRS will issue what is commonly referred to as a PIN...
by Administrator | Jul 17, 2018 | Personal Divorce
When foreign investments exist in the portfolio Section 965 of the Internal Revenue Code is focused on imposing a one-time tax on the accumulated earnings and profits of foreign investments. Historical background and Context “In 2004, Congress passed the American...
