Tax Issues in a California Divorce

When divorcing couples are discussing spousal support in California, they need to be aware of the tax implications of their divorce. Federal laws enacted by congress and enforced by the Internal Revenue Service (IRS) are different than laws enforced by the California Franchise Tax Board (FTB). Spousal Support and Taxes IRS rules. Under federal law,…

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Spousal Support Changes and the New Tax Code

The most crucial change established under the Tax Cuts and Jobs Act of 2017 (TCJA) related to family law went into effect on January 1, 2019. Previously, under section 215 of the tax code, paying spouses could deduct their alimony payments from their taxable income while recipient spouses were required to pay taxes on the…

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Spice Girl Mel B Dissolution Settlement

Mel B, former Spice Girl, (lower right) celebrates the end of her lengthy dissolution court battle (pictured here with her team, which included Ron) Ron assisted former Spice Girl (Scary Spice) Melanie Brown aka Mel B with the financial, valuation, tracing and tax issues related to her dissolution of marriage from Stephen Belafonte. His tasks…

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Settling a Case: “Buyer’s Remorse?”

Buyer’s remorse in family law occurs when one party, after agreeing with the court’s findings, decides he or she was unhappy with the ruling. In this case, Susan, the respondent, moved for an order to set aside judgment based on her opinion that Kevin, the other party, provided false information in the Declaration of Disclosure.*…

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Preparing for Testimony

Receiving a Request for Services By Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA When we receive a request for services from an attorney, I do the following: • Ask for the basic information on the case. •  Get the name of both parties, and who is the petitioner and the respondent. •  Obtain the…

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