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Divorce Advice for Men | Fathers Rights Divorce | Child Custody

Providing men with essential divorce advice, fathers rights divorce information and child custody articles. Dads Divorce is a community for men facing divorce or fathers rights issues and run by Cordell and Cordell. Cordell & Cordell is a family law firm with a focus on men's divorce, child custody and fathers rights divorce.
Tags >> taxes
Jun 13, 2012

alimony recapture ruleBy Jennifer M. Paine

Cordell & Cordell Divorce Lawyer

My previous article "What Is The Alimony Recapture Rule?" discussed the three-year alimony tax trap known as the recapture rule.

This rule forces the alimony payer to report as income the alimony payments he previously deducted, which means the payee spouse is entitled to reduce from income the alimony payments previously received.

So how do you avoid the recapture rule and the subsequent tax nightmare? Discuss these five tips with your attorney and your CPA:


Jun 12, 2012

alimony recapture ruleBy Jennifer M. Paine

Cordell & Cordell Divorce Lawyer

As if paying alimony weren’t bothersome already, imagine receiving an unfriendly letter from the IRS forcing you into an audit and assessing taxes for three years of income you previously deducted.

This may sound like a tax nightmare – you pay alimony, you deduct it like your CPA and attorney said, and now you have to pay taxes for it – but for many guys it is reality.

This often misunderstood and little discussed trap is called the recapture rule.


Jun 08, 2012

New Jersey divorce lawyerQuestion:

My wife and I are in the process of getting a divorce, but her paycheck stub lists her tax filing status as "single" with our child as her dependent.

Can she claim herself as "single" on taxes before our divorce is final?

 


Apr 28, 2012

mens divorce lawyerQuestion:

Is it legal for my ex-wife to still file her taxes under my last name?

We have been divorced for several years, yet she continues to use my last name on her tax filings.


Apr 25, 2012

Omaha Nebraska Divorce LawyerQuestion:

My ex-husband and I filed a joint tax return in 2010 while still married and we owed a lot of money. We divorced in 2011.

How would we handle the 2010 tax expense debt if it was not addressed in the divorce decree? My ex-husband says I owe him half the debt but I cannot afford it.


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