The legal fees incurred with regard to a divorce can be substantial. I have written several blog posts in the past cautioning litigants of how their decisions and actions during a divorce matter can dramatically impact the level of legal fees that can be generated, and the ways litigants can…
Articles Posted in tax
Some Implications of the New Tax Code on the Support of Children
At the end of 2017, Congress passed the long awaited Tax Cuts and Jobs Act of 2017, which was a sweeping tax reform act that broadly amended the Internal Revenue Code of 1986. Tax rates were lowered in general for businesses. As for individuals, the tax code may be more…
How the 2017 Tax Reform Act Impacts Divorcing Couples
The 2017 Tax Reform Act has been signed into law by President Trump. This law significantly changes the tax liability of individuals. For individuals, it preserves the marriage penalty forcing dual income households to file jointly to increase their tax bracket or face the faster escalated tax rates imposed on those married filing…
Tax Considerations in Divorce
I understand why you might not want to read this but . . . tax season is upon us. While I am an attorney specializing in family law, I frequently come into contact with other areas of law, such as criminal law, school law, health law, real estate law,…