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The general rule in § 1041(a) is that no gain or loss shall be recognized on a transfer of property from an individual to a spouse; [1] or a transfer of property to a former spouse if the transfer is incident to the divorce. This rule also applies on a transfer of property from a trust for the benefit of a spouse or former spouse if the ...
A divorce checklist can offer a sense of clarity and direction when … Continue reading → The post How to Prepare for a Divorce With a Checklist appeared first on SmartAsset Blog. The 7-Step ...
Michele Weiner-Davis is a licensed clinical social worker, marriage and family therapist [1] and author in the field of family therapy.She is frequently quoted in the media and has been interviewed significantly on television news programs regarding divorce prevention. [2]
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A divorce settlement entails which spouse gets what property and what responsibilities once the marriage is over. "It deals with child custody and visitation, child support, alimony, health and life insurance, real estate, cars, household items, bank accounts, debts, investments, retirement plans and pensions, college tuition for children, and other items of value, such as frequent flyer miles ...
Tax season starts Jan. 29 and this year the Internal Revenue Service (IRS) is offering a free new option available to some taxpayers, to file their taxes in an easier way. Discover: Trump-Era Tax ...
All three IRS forms have been consolidated into the Form 1040. But don’t be alarmed — the new Form 1040 is shorter and easier to use. Those with more complex returns will add additional ...
In many cases, irreconcilable differences were the original and only grounds for no-fault divorce, such as in California, which enacted America's first purely no-fault divorce law in 1969. [2] California now lists one other possible basis, "permanent legal incapacity to make decisions" (formerly "incurable insanity"), on its divorce petition form.
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