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Child Support Income Taxes

Jaburg Wilk

Eight Essential Tax Insights For Arizona Residents Who Are Navigating Divorce

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Divorce and legal separation can entail more than just emotional and legal complexities. They can also involve navigating intricate and complex tax implications. There are eight key considerations to consider relative to...more

Fox Rothschild LLP

Superior Court Finds Income is Income Until it Isn’t

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For time immemorial Pennsylvania’s appellate law has held that people who have children have a duty to deploy their resources to see that those children are adequately support. Child support is a “priority” obligation. “The...more

Fox Rothschild LLP

EXCESS ON PARADE: Watch an Entrepreneur’s Expenses Catch Fire

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The Superior Court opinion coming down today in Reich v. Reich from Lancaster County looked like an everyday support exception case. But today we are starting to see cases affirmed based on trial court opinions. This one...more

Bowditch & Dewey

8 Important Tax Considerations During Divorce

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Income tax effects are often the last thing on one’s mind when going through a divorce, but having sound tax advice during a divorce is important for many reasons. FILING STATUS - Divorce will change your income tax...more

Freeman Law

Tax Court in Brief | Rojas v. Commissioner | Deduction of Alimony and Child Support Under IRC Section 215

Freeman Law on

Tax Litigation: The Week of July 18th, 2022, through July 22nd, 2022 Pettennude v. Comm’r, T.C. Memo. 2022-79 | July 18, 2022 | Buch, J. | Dkt. No. 636-21L Gonzalez v. Comm’r, T.C. Summary Opinion 2022-13 | July 18, 2022 |...more

Fox Rothschild LLP

The Illusory Tale Of The Biden Tax Credit

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This weekend brought a report from an outlet called BGR Media about the child tax credits that are due to start hitting bank accounts in the next few weeks. This child tax credit, unlike all its predecessors, is being paid...more

Jaburg Wilk

Divorce and Taxes

Jaburg Wilk on

When a couple is getting divorced both current and future tax obligations as well as tax basis are very important. There are four areas that we frequently advise our clients about. Originally published on ABC15 Sonoran...more

Burns & Levinson LLP

Child Support and Gifting

Burns & Levinson LLP on

As a divorce lawyer who also does some probate litigation and trusts and estate work, I have always been interested in the interplay between divorce and trusts and estates. Recently, the issue of whether gifts are considered...more

Cozen O'Connor

Changes to the Pennsylvania Support Guidelines in Response to the New Tax Law

Cozen O'Connor on

For the past several decades the “alimony deduction” has been available to all divorcing couples. This deduction provided that the spouse making alimony payments could deduct alimony payments from his or her income and the...more

Fox Rothschild LLP

Countdown For Tax Reform: How It May Affect You

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Just before Christmas last year, Congress passed and the President signed a major tax reform package that contained a surprising wrinkle. It abandoned a decades long provision that permitted payors of alimony or spousal...more

Fox Rothschild LLP

Does The Change In The Tax Law Kill The Mythical Alimony “Formula”

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As I wrote in December, the Tax Cuts and Jobs Act enacted at the end of last year, changed the taxability of alimony starting in 2019. Specifically, while alimony is currently income to the recipient and deductible from the...more

Poyner Spruill LLP

How the New Tax Law Changes Alimony and Child Support

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Deep within the text of the Tax Cuts and Jobs Act of 2017 (TCJA) are two provisions that will have a significant effect on both alimony and child support....more

Katten Muchin Rosenman LLP

2016 Year-End Estate Planning Advisory

In 2016, we continued to experience a period of relative stability in our federal transfer tax system and have been able to plan without expecting imminent significant changes to the system. Under the American Taxpayer Relief...more

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