No one enjoys paying attorney fees and even fewer enjoy paying income taxes. What you need to know is in some circumstances your payment of attorney fees is tax deductible. Internal Revenue Code Section 212 provides: “In the case of an individual, there shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the…
Month: March 2016
Tax time, Divorce or not
Tax time arrives every year, like it or not, whether you are in the midst of a divorce, or not. Although everybody has an option to file separately every year, the election to do so in the year spouses stop living together is of particular concern. Be sure to discuss with your attorney and with your tax accountant the ramifications…
Lessons that can be learned from celebrity divorces
When a California couple decides that they need to get a divorce, it can be very difficult to know who to turn to once the decision has been made. Advice can come from almost anywhere, whether a person wants it or not. However, there are certain things that celebrity divorces can teach divorcing couples. For example, Ben Affleck and Jennifer…