Are business taxes owed to the IRS marital debts or seperate debts? Who's responsible to pay?

avoid paying alimony

ARE BUSINESS TAXES OWED TO IRS SEPARATE PROPERTY OR MARITAL PROPERTY WHEN YOU DIVORCE?Louise Gilliam v. Arthur McGrady, Richmond Virginia   This blogger had an interesting article up today. It had to do with this somewhat well-to-do Virginia couple who got into some trouble for living above their means. The wife’s parents were basically subsidizing …

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NEW YORK: Hartog v. Hartog 605 N.Y.S.2d 749 (1993) Selling the marital residence, Taxes

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Selling the marital residence, Taxes The Hartog case stands for the principle that when the marital residence is sold, the spouse’s distributive share will be reduced by the taxes. That will include capital gains taxes, if any. The capital gains exclusion for a married couple in New York is about $500,000. So if the difference …

Read moreNEW YORK: Hartog v. Hartog 605 N.Y.S.2d 749 (1993) Selling the marital residence, Taxes

How to Hide an Art Collection in Anticipation of a Divorce?: Rent a Freeport. (# hide art collection)

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“Freeports” for the Art World are Increasingly Popular But to Hide Art from Your Spouse You May Need to Create Your Own “Private Freeport”.¬†(# hide art collection) It is very easy to hide pricey art (# hide art collection) from your spouse if you sense that a divorce filing is imminent. In fact, even before …

Read moreHow to Hide an Art Collection in Anticipation of a Divorce?: Rent a Freeport. (# hide art collection)

Q&A: How Does Trump's New Tax Code Affect how Alimony Payments are treated After Divorce?

DIVORCING WITH A COOP

Trump’s new tax code affect how alimony payments are treated The new tax code is still being sorted out by all the tax experts but it sure looks like it will affect how alimony payments are treated in the near future. Prior to President Trump’s tenure as president, alimony payments were taxable to the recipient …

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John Marriott III on How to Get Disinherited From Your Family's Billion Dollar Fortune

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How to Get Disinherited From Your Family’s Billion Dollar Hotel Empire Trust? Let’s Ask John Marriott John Marriott III, heir to the Marriott Hotel Fortune (worth in the billions according to Forbes) made the mistake of getting divorced from his wife Angela in 2015, and now, according to him, his father and uncle have disinherited …

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10 Ways to Fight Back When Your Rich (Billionaire!) Husband Declares He is Suddenly Too Broke to Pay You a Settlement

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Filed in Gia’s list of divorce tips Fight back! Is your rich (billionaire!)husband trying to cream you in divorce court by claiming he is too broke to pay you? Here are a few steps you can take when your rich husband declares he is suddenly too broke to pay you a settlement: Ask the court …

Read more10 Ways to Fight Back When Your Rich (Billionaire!) Husband Declares He is Suddenly Too Broke to Pay You a Settlement