{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/5cd2d68043b416d4617f91c9/5e680fe819498d631dd7348e?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"In Legal Terms: Divorce and Taxes","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/5cd2d68043b416d4617f91c9/1583877976661-08232cfdfbc5408d193fbb836b9dfebf.jpeg?height=200","description":"<p>Professor Richard Gershon (author of seventh edition of “<a href=\"http://www.lexisnexis.com/store/catalog/booktemplate/productdetail.jsp?pageName=relatedProducts&amp;prodId=10622\" target=\"_blank\">A Student’s Guide to the Internal Revenue Code (with Professor Jeffrey A. Maine</a>) talks about the tax issues surrounding divorce</p><ul><li>Alimony - paid is taxable for divorces (or modified decrees ) after 2019. It's not taxable if received.</li><li>Child Support payments - never has been taxable</li><li>Property Settlements - basis stays the same when transferred from one spouse to another. </li></ul><p><br></p><p>Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent <a href=\"https://www.irs.gov/forms-pubs/about-form-8332\" target=\"_blank\">https://www.irs.gov/forms-pubs/about-form-8332</a></p><p>Publication 504 (2019), Divorced or Separated Individuals  <a href=\"https://www.irs.gov/publications/p504\" target=\"_blank\">https://www.irs.gov/publications/p504</a></p><p>Here’s the new tax-advantaged way to pay alimony  <a href=\"https://www.cnbc.com/2018/06/14/heres-the-new-tax-advantaged-way-to-pay-alimony.html\" target=\"_blank\">https://www.cnbc.com/2018/06/14/heres-the-new-tax-advantaged-way-to-pay-alimony.html</a></p><h1><br></h1>","author_name":"MPB Think Radio"}