by Administrator | Jul 17, 2018 | Personal Divorce, Tax Risks in Divorce
As a result of the 2018 Tax Reform Act, Congress introduced a new section of the IRS code (Section 199A) that allows equity holders of pass through entities such as S corporations, LLCs, general partnerships, LLPs or sole proprietorships to deduct up to 20% of the...
by Administrator | Jul 16, 2018 | Personal Divorce, Tax Risks in Divorce
What is carried interest? Carried interest represents the profits an investment manager receives, typically from an investment in private equity or a hedge fund (not a mutual fund), in excess of the amount contributed towards the investment. The carried interest...
by Administrator | Jul 16, 2018 | Personal Divorce, Tax Risks in Divorce
An overview of the new tax law Under the new tax law home equity loans and lines of credit are still deductible. Yet they are subject to certain conditions. The proceeds must be used to buy, build or substantially improve a home that is secured by the home equity...
by Administrator | Apr 28, 2018 | Business Divorce, Personal Divorce, Tax Risks in Divorce
As you read this article, please note a critically important point that I would not want you to miss. The point is that certain clauses you design in your divorce decree may be deemed invalid over time. They could be deemed invalid even though you and your ex-spouse...
by Administrator | Mar 25, 2018 | Personal Divorce, Tax Risks in Divorce
President Trump signed a tax bill that wiped away a 75 year old law around how alimony payments are treated for tax purposes. These changes impact both legal separations and divorces that occur after December 31, 2018. Time is ticking… Under the old law, the provider...
