Hi there, It’s tax time again! I know this because I am cleaning closets at home to avoid pulling my taxes together. If you are in the middle of a divorce, you need to be careful about how you file your taxes. Jennifer Green, my very knowledgeable tax colleague, has some suggestions for this. Best,… Continue Reading
Tag Archives: taxes
Divorce and the Entrepreneur: Part 2
Posted in Divorce and the EntrepreneurHi there, Massachusetts is an equitable division state. This means that all property, whenever and however acquired, may be subject to division as well as utilized for support in a divorce case. If you are an owner or a shareholder in a closely held business and are facing divorce, you need to be braced for… Continue Reading
Tip #2 of the Top 5 To-Do’s When You Want to Divorce: Get a Handle on your Finances
Posted in Top 5 To-Do's When You Want to DivorceHi there, This tip sounds simple, but many folks have ignored the finances of their marriage because their spouse is in control (and often controlling), or because they have not “needed” to become knowledgeable. If this has been you, right now, you NEED to find out as much as you can. Where are your assets (i.e. retirement… Continue Reading
Child Support in Massachusetts: Take 2
Posted in Steps in the Divorce ProcessHi there; In any support situation, it seems the support is always too much for the person paying, and never enough for the person receiving it. With child support in Massachusetts, the payments are formulaic. The Child Support Guidelines were revised a year ago, and here is an update on the revisions. In most cases… Continue Reading
Monday’s Miscellany
Posted in Monday's MiscellanyHi there! I hope you stayed dry this past weekend. Just when I think legal advertising can’t get any worse, a colleague directs me to the litigation over the "Lawyer of Love." I have been watching the health care debate with great interest, and I found this analysis very illuminating. The Taxgirl is talking about intact… Continue Reading
Monday’s Miscellany
Posted in Monday's MiscellanyHi There, From taxes to Alec Baldwin giving advice on how to divorce – this week’s selection really is a very mixed bag. My favorite tax blog had a funny post on how not to do your taxes. I have watched Alec Baldwin’s very public display of parental ineptitude with some amazement, but I was… Continue Reading
Tax miscellany
Posted in ArticlesHi There, Since quarterly taxes are due now, the IRS is on my mind, and so I thought that a post on taxation might be apt. The tax implications of divorce is an area where questions come up consistently. Taxes affect both support and property division. The rules and results are very different in gay and… Continue Reading
Divorce and Taxes
Posted in ArticlesHi there! Divorce and taxes aren’t quite as inevitable as “death and taxes,” but with one out of three marriages ending in divorce it is close. One of the blogs I subscribe to is called taxgirl and I just read a very good article there on divorce and taxes. One thing to remember if you are part… Continue Reading