Pollock Begg Partner Brian C. Vertz Addresses Financial Implications of COVID-19 in New Edition of ‘Divorce Taxation’
PITTSBURGH — Can Paycheck Protection Program funds impact your divorce settlement? Pollock Begg Partner Brian C. Vertz, co-author of “Divorce Taxation,” updated the legal reference book for 2021 to answer such timely questions and provide new information for a post-COVID world.
In addition to explaining tax issues arising frequently in family law settlements and litigation, the 19th edition of “Divorce Taxation” details the Coronavirus Aid Relief and Security Act (CARES Act) and covers the tax and accounting implications of additional COVID relief measures divorcing couples must now consider, such as PPP funds and Internal Revenue Service extensions and tax incentives.
“Beyond legislated relief efforts, COVID-19 has spurred economic changes with far-reaching implications in divorce,” Vertz said. “Prolonged periods of low interest rates and increased borrowing and the forever-changed commercial real estate market impact business and real estate valuations and must be weighed when finalizing property settlements, cash flows and planning for the financial well-being of clients.”
Originally written by Melvyn Frumkes, “Divorce Taxation” has helped family lawyers navigate tax issues for more than 30 years. Now edited and written by Vertz and Mitchell E. Benson, with Aliah Molczan, “Divorce Taxation” delves into the intricacies of such topics as property transfers, alimony and innocent spouse relief.
With an MBA and more than 25 years of experience with complex child support cases, high net worth divorces, difficult custody disputes, international law, and appeals, Vertz was selected as the Pittsburgh 2019 Lawyer of the Year for family law through The Best Lawyers in America peer review process.
He is deeply committed to improving family law practice through his affiliation with the American Academy of Matrimonial Lawyers, serving as an author and speaker for AAML National Conferences on Divorce, annual meetings and state chapter conferences. He is a past president of the AAML Pennsylvania chapter and co-chair of the national Chapter Leaders Committee. He is a director, lifetime Fellow and secretary of the AAML Foundation, whose mission is to serve families and children adversely affected by marital dissolution.
Benson is a partner of Savran Benson LLP in Bala Cynwyd, PA, specializing in matrimonial litigation support, real estate tax planning and compliance, and income and estate tax planning for individuals and closely held businesses. Benson has also earned Certified Financial Forensics designation by the American Institute of Certified Public Accountants. Aliah Molczan, an associate of Savran Benson specializing in matrimonial litigation support, provided editorial and research assistance for the latest edition of “Divorce Taxation.”
“Divorce Taxation” is available through James Publishing.
About Pollock Begg
A progressive and powerful influencer in the legal marketplace, Pittsburgh-based Pollock Begg focuses on innovative, team-oriented solutions to resolve domestic relations matters. Driving legal expectations in the industry, the family law attorneys at Pollock Begg serve in numerous leadership positions within matrimonial law organizations and are encouraged to participate in pro bono work, volunteer initiatives and community endeavors. Founded in 2001, Pollock Begg is pleased to have been ranked 10 times as a top-tier law firm by U.S. News and World Report. For more information, visit pollockbegg.com.
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