A couple going through a divorce action should understand whether a support payment, not specifically allocated as child support or alimony, is a taxable event where the payor may deduct it and the payee report it as income...more
Although each state may determine its own bankruptcy exemptions, federal law governs the overall structure and purpose of bankruptcy law. In general, all 50 states must follow the same rule for child support and alimony...more
Although the media focuses on their big spending, divorce and poor retirement planning are among the top reasons why most pro athletes go broke within 10 years of retirement. Retirement planning can be challenging for most,...more
Bankruptcy may be a "fresh start" but it may not leave the debtor completely debt free. Certain types of debts survive Chapter 13 bankruptcy and are not discharged....more
The many changes in your life after divorce include new rules imposed by the Internal Revenue Service (IRS) about your claims, deductions, exemptions and income. Divorce lawyer Bryan L. Salamone, Esq. gives you tips on...more
Tax planning and divorce sound like two unlikely partners, but they are not. This week’s blog post is written by Selwyn Gerber, CPA, who explains why tax planning is critical during and after a divorce....more
As the noncustodial parent, you will likely owe child support. The amount is generally established based on New York child support guidelines calculations, with some room for negotiating a fair monthly amount. In addition,...more
One of the sad realities representing people with serious work injuries, is that the financial, physical, and psychological stresses caused by the injury or the claims process, often result in failed marriages. It really is...more
In the words of The Beatles, “ ‘Cause I’m the Taxman…,” and because it’s almost the filing deadline (April 16 this year), the Taxman is here. Marital and family status, of course, has a big impact on your taxes. So, here are...more
It’s been in the news lately. Recently there was a new “pop-up” store in Beverly Hills. You can even host a similar event in your city. As stated on their website, “The Divorceé Sale™ was created by Jill Alexander who saw...more
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