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This Portfolio, Divorce and Separation, explains the primary income, gift, and estate tax rules that normally apply in the context of divorce and separation.
Description
Bloomberg Tax Portfolio, Divorce and Separation, No. 515, explains the primary income, gift and estate tax rules that normally apply in the context of divorce and separation. It points out potential pitfalls, suggests planning techniques and, in some cases, identifies issues which remain unresolved.
The analysis is written for both attorneys and accountants who specialize in the divorce area and for non-tax specialists who handle divorces and who must have a working knowledge of the tax laws in order to effectively represent their clients.
Table of Contents
I. Introduction
II. Alimony
III. Child Support
IV. Property Transfers Between Spouses and Former Spouses – §1041
V. Disposition of Marital Home
VI. Deduction of Housing Costs
VII. Dependency Exemption
VIII. Filing Status
IX. Credits Relating to Dependents
X. Gift and Estate Tax Consequences of Divorce-Related Transfers
XI. Treatment of Community Income
XII. Tax Treatment of Counsel Fees
Theodore Rinehart Professor of Business Law
George Washington University