by Shawn Weber | Oct 25, 2019 | Attorneys, For Professionals, Spousal Support, Taxation
We see many experienced family law specialists make this common DissoMaster* mistake with the health insurance deduction. When entering the Health Insurance deduction in DissoMaster,* be sure to drill down. There are three options and they make a difference:...
by Shawn Weber | Oct 14, 2018 | Alimony, divorce, Finances, Spousal Support, Taxation
by Mark Hill, CFP, CDFA and Shawn Weber, CLS-F With the passage of the Tax Cuts and Jobs Act of 2017 (TCJA), the deductibility of alimony or spousal support on federal taxes is set to sunset on December 31, 2018. If you plan to divorce or are in the process of a...
by Shawn Weber | Jul 19, 2014 | Finances, Taxation
Here’s a good summary about social security & #divorce with some surprisingly helpful points. http://ow.ly/zbPNE
by Shawn Weber | Mar 29, 2013 | Children, custody, divorce, Finances, Relationships, Taxation
Rules regarding who can claim a child on his/her taxes can be found in IRS Publication 596. In general, you can only qualify to claim a child for a tax credit or dependency exemption if the child has lived with you for over half of the year. However, sometimes in...
by Shawn Weber | Oct 15, 2011 | Attorneys, divorce, Finances, Spousal Support, Taxation
Generally, divorce fees are not deductible. The general rule is that divorce is a personal expense and is not deductible as a business expense. United States v. Gilmore (Gilmore I) (1963) 372 U.S. 39. So the short and easy answer is, “No.” However,...
by Shawn Weber | Feb 23, 2011 | Alimony, divorce, Spousal Support, Taxation
My friend and Certified Divorce Financial Analyst, Justin Reckers, recently did a great post on alimony and taxation. It’s worth a read. Pacific Divorce Management : Alimony Taxation – Part 7.
