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	Podcast:		In Legal Terms
	Episode:		In Legal Terms: Divorce and Taxes
	Category:		Education
	Duration:		00:46:20
	Publish Date:		2020-03-10 22:08:39
	Description:		Professor Richard Gershon (author of seventh edition of “A Student’s Guide to the Internal Revenue Code (with Professor Jeffrey A. Maine) talks about the tax issues surrounding divorce Alimony - paid is taxable for divorces (or modified decrees ) after 2019. It's not taxable if received. Child Support payments - never has been taxable Property Settlements - basis stays the same when transferred from one spouse to another. Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent https://www.irs.gov/forms-pubs/about-form-8332 Publication 504 (2019), Divorced or Separated Individuals https://www.irs.gov/publications/p504 Here’s the new tax-advantaged way to pay alimony https://www.cnbc.com/2018/06/14/heres-the-new-tax-advantaged-way-to-pay-alimony.html Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.
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