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Divorce Tax Issues

June 2, 2017

How Does California’s Community Property Affect Federal Tax Obligations in a Divorce?

California’s community property system has a broad range of impacts that require careful consideration and review. For one, the community property system requires certain tax treatment […]
April 27, 2017

What Is the Difference between Spousal Support and Child Support Payments

The Differences between Spousal Support and Child Support Payments As defined in Section 71(b) of the U.S Tax Code, alimony and spousal support payments are generally […]
April 27, 2017

What to do with Property Transfers, Tax Issues, and Community Property in a Divorce?

Property and Divorce Transfer of Property Tax Considerations in a Divorce or Separation IRC Section 1041(a) permits divorcing or separating spouses to transfer property between themselves […]
December 20, 2016

What Can Happen to the Marital Home in a Divorce?

The pension benefits that have accrued over the marriage to either party and the equity in the marital home are often the most valuable marital assets […]
December 20, 2016

How Do I Handle Future Tax Concerns and Filing Obligations after Divorce?

The final joint tax return before a divorce finalizes will often raise the issue of how carryforward tax items, NOLs, and other items should be allocated […]
October 18, 2016

What Tax Consequences Does the Sale of the Family Home Incident to Divorce Create?

Gain from the sale of real property squarely meets the definition of gross income per IRC § 61(a)(3). The amount of gain realized is determined under […]