What happens when a support obligor shorts his alimony and child support payments and then tax time comes around? Of course, since alimony is deductible to the payor, he/she is likely to want to claim that most or all of the payments were alimony in order to get the deduction. Inevitably, if the recipient doesn’t
U.S. Internal Revenue Service (IRS)
Read Mark Ashton’s Timely And Topical Post Entitled “Tax Time”
By Eric S. Solotoff on
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…
A REMINDER ABOUT THE ILLUSION OF "INNOCENT SPOUSE" RELIEF
By Eric S. Solotoff on
Posted in Practice Issues
As tax season is upon is, the issue of whether to file joint returns is upon us as well. i previously blogged about the topic of innocent spouse relief and the fact that the innocent spouse form that the IRS has published for those seeking innocent spouse status has many traps for the unwary.
Today…
Read Mark Ashton's Interesting Blog Entry Entitiled "Owner Know Thy Business"
By Eric S. Solotoff on
Mark Ashton, a partner in our Exton (Chester County), Pennsylvania office and the editor of our Pennsylvania Family Law Blog, wrote an interesting post entitled "The Owner Know Thy Business" on that blog.
To read the complete post, click here.
EDITORS NOTE: Mark’s post leads to a discussion of several interesting issues that are frequently encountered in matrimonial…
Innocent Spouse Relief – New Form has Traps for the Unwary
By Eric S. Solotoff on
Posted in Practice Issues
The process for seeking Innocent Spouse Relief, a provision for individuals concerned about the accuracy of tax returns filed by their current or former spouses, has become a potential minefield.
In June 2007, the IRS published a revised Form 8857 – Request for Innocent Spouse Relief. Prior to that time, the form was short and…