by Administrator | Oct 14, 2019 | Personal Divorce, Tax Risks in Divorce
People who are concerned their spouse has (or will) understate income or overstate deductions question whether they should file their tax return as MFS instead of MFJ. When a return is filed as MFJ and the IRS identifies misreported information, the IRS holds each...
by Administrator | Sep 15, 2019 | Personal Divorce
If you own short term rental properties and need to assign the value of those assets in your divorce to your spouse, this article was written for you. When you are going through a divorce the perspective about the value of short term rental properties changes from...
by Administrator | Apr 15, 2019 | Personal Divorce
It may come as a surprise to you and your spouse that your decision when to move out of the marital home can have significant financial ramifications to one or both of you. You may even view this as an unkind divorce move that could unexpectedly saddle your spouse...
by Administrator | Apr 10, 2019 | Personal Divorce
The answer is potentially Yes. But, first what is an offer in compromise? If you, the taxpayer, believe the IRS has inappropriately assigned you or your spouse a tax liability that is in error you may file a letter with the IRS requesting a lower liability. The...
by Administrator | Apr 1, 2019 | Personal Divorce
In short the answer is Yes. But, what if you have not vested in the RSU as of your settlement date? How is that handled in a divorce proceeding? Let’s talk about each topic further. An RSU is considered marital property unless the holder of the RSU can prove the RSU...
by Administrator | Mar 23, 2019 | Personal Divorce
In short, the answer is No. Why? According to the federal Fair Credit Reporting Act, to request a consumer report on someone else’s credit, even if they are your spouse, you need what is called a permissible purpose (i.e. a valid reason) to request the credit report....
