Divorce is a complex and emotionally charged process that also brings substantial financial considerations, with three of the most significant financial aspects of a divorce being alimony (spousal support), child support, and...more
12/19/2024
/ Alimony ,
Child Support ,
Divorce ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
Property Division ,
Settlement ,
Settlement Negotiations ,
Spousal Support ,
Spouses ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Planning ,
Tax Preparers ,
Tax-Free Transfers
When a business is sold, the most important overall aspect of negotiations between a cautious buyer and determined seller may be due to the agreed-upon purchase price for the business. However, when the buyer is purchasing...more
8/21/2024
/ Acquisitions ,
Asset Class ,
Business Assets ,
Buyers ,
Cost Allocation ,
Fair Market Value ,
Internal Revenue Code (IRC) ,
IRS ,
Negotiations ,
Purchase Agreement ,
Purchase Price ,
Real Estate Investments ,
Sellers ,
Selling a Business ,
Tax Planning
In Soroban Capital Partners, LP v. Commissioner, the U.S. Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended (the “Code”) ...more
2/14/2024
/ Appeals ,
Business Entities ,
Commercial Litigation ,
Exclusions ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Limited Liability Company (LLC) ,
Limited Partnerships ,
Partnerships ,
Self-Employment Tax ,
Tax Court ,
Tax Exemptions ,
Tax Planning