This book discusses the federal income estate and gift tax consequences of maritalseparation and divorce. It covers the federal income tax aspects of alimonyand child support; the dependency exemption and its application to other taxmatters; tax credits; property settlements (with special emphasis on the maritalresidence); the tax treatment of certain expenses, such as medical expenses,attorney's fees, and life insurance premiums; filing status; and innocent spousetreatment. The book concludes with a discussion of the federal gift and estatetax aspects of marital separation and divorce.
This book has been written to reach the largest possible audience. It is writtenprimarily for the domestic relations practitioner who should have at least abasic understanding of the federal income, gift, and estate tax aspects of separationand divorce. It is also written for tax attorneys and accountants whoare oftentimes called upon to give tax advice in this area, and for beginning,intermediate, and advance domestic relations and tax practitioners.
The material that follows first discusses the law enacted by Tax Cuts andJobs Act of 2017, and then discusses the law prior to the Tax Cuts and Jobs Actof 2017. The discussion of prior law has been included because it remains relevantfor many taxpayers and will remain applicable to those taxpayers intothe foreseeable future.
By:
Robert A. Rombro Imprint: American Bar Association Country of Publication: United States Dimensions:
Height: 177mm,
Width: 254mm,
ISBN:9781639053636 ISBN 10: 1639053638 Pages: 440 Publication Date:20 November 2024 Audience:
Professional and scholarly
,
Undergraduate
Format:Paperback Publisher's Status: Active