Divorce Legal Fees: Tax Deductible?
January 16, 2010
This time each year, divorce lawyers everywhere face the same question from clients: are my legal fees are tax-deductible?...
Tax Issues
SRR Answers “Taxing” Year-End Questions
March 3, 2009
The forensic accounting firm of Stout Risius Ross Advisors LLC has published an excellent guide to year-end tax questions that separated and divorcing spouses may have: 1.) What is my filing status for 2008? Your filing...
Astleford has valuation professionals FLiP’n
June 4, 2008
Last month the U.S. Tax Court released its memorandum opinion in Astleford v. Com. (TC Memo 2008-128), a case dealing with the minority and marketability discounts applicable to family limited partnerships. In Astleford, the...
I may have mentioned this before on this blog, but it is striking to me how many accountants and valuational professionals regard court decisions as monolithic. At NACVA chapter meetings, I have heard CPAs say that “you...
The statutory and rules definitions of “income,” as provided by 23 Pa.C.S. § 4302 and Pa.R.C.P. 1910.16-2(a) include “gains derived from dealings in property” (§ 4302) or “net income from business or dealings in...