For many divorce attorneys, the busy season starts after the first of the year. For the last several years, I have posted on the phenomenon of the New Year’s Resolution Divorce. For whatever reason, this post has struck a chord and has been both well received and cited by other bloggers. As such, given that
Will 2018 Be the Year of the Divorce – Will The New Tax Laws Cause A Race to Get Divorced By 12/31/18?
Since the first go round of the proposed massive revisions to the tax code were announced several weeks ago, matrimonial lawyers, litigants, accountants, etc. have been in a veritable tizzy over the prospect that one of the modifications was to eliminate the deductibility of alimony payments by the payer and the includability of the payments
Divorce Lessons from Capt. Jack Sparrow
Johnny Depp a.k.a. Capt. Jack Sparrow is in the news again, this time for his failure to pay Amber Heard a $7 million divorce settlement. Heard had promised that any settlement that she received from Depp would be donated to charity. She has chosen two charities, the American Civil Liberties Union and the Children’s Hospital
Making the Release of the Dependency Exemption Conditioned Upon the Receipt of the Child Support Due
One of the issues to resolve in a divorce cases is the allocation of the dependency exemptions. While the IRS says that they should go to the custodial parent, by and large, states, including New Jersey feel that they can allocate the exemptions between parents and there is case law to that affect.
In most
E is for Exemption: Who Gets it?
April 15th is bearing down on us, and as divorced and separated parents get ready to file tax returns, the question of the dependency exemptions comes up. According to IRS rules, only one taxpayer may claim a dependency exemption for a child for a tax year. Two parents cannot split this dependency exemption.
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THE INFORMATION ASYMMETRY AND THE DIVORCE PROCESS: AN UNLIKELY PAIR
What do divorce and economics have in common? Well, a lot. But today I am focusing on the unlikely link between the theory of information asymmetry – which deals with the study of decisions in transactions where one party has more or better information than the other – and the New Jersey Divorce App.
Tracking Finances: There’s a (New Jersey Divorce) App For That.
Oftentimes I hear from clients that gathering their financial information is the most daunting task they will face during the divorce process. They picture being buried in an avalanche of documents, account numbers and canceled checks.
The New Jersey Divorce App’s Finance Tracker can help. In fact, I have recommended it to my clients before,
Read Matt Levitsky's Post Entitled "Who Gets to Claim the Child if there is 50/50 Custody?"
Matt Levitsky, an associate in our Montgomery County, Pennsylvania office wrote a guest blog for our fir’s Pennsylvania Family Law Blog entitled "Who Gets to Claim the child if there is 50/50 Custody?"
Matt’s post talks about the four prong test and the fact that at the end of the day, all other things being equal,
Read Mark Ashton’s Timely And Topical Post Entitled “Tax Time”
As tax day is around the corner, Mark Ashton, a partner in our Exton, Pennsylvania office, and a contributor the firm’s Pennsylvania Family Law blog, wrote a timely post on that blog entitled "Tax Time."
In that article, Mark discusses tax deductions, tax credits and joint tax returns.
I have previously blogged about the issue
Clarification to the Amended IRS Tax Exemption Provisions
During tax season this past Spring, we posted blog entry entitled "Who Gets The Tax Exemption". This past month in a Chief Counsel Advice (CCA), the IRS has clarified the provisions in the IRS Code relating to exemptions which were discussed in our blog. CCA 200925041 cautions that a Final Judgment of Divorce awarding one party