Description

Federal Income Estate and Gift Tax Aspects for Separation and Divorce Robert A Rombro ISBN 9781639053636

This book examines the federal income, estate, and gift tax consequences of marital separation and divorce. It addresses the federal income tax treatment of alimony and child support; the dependency exemption and its impact on other tax matters; tax credits; property settlements, with particular emphasis on the marital residence; and the tax treatment of specific expenses such as medical costs, attorney’s fees, and life insurance premiums. Additional topics include filing status and innocent spouse relief. The book concludes with a detailed discussion of the federal gift and estate tax implications of separation and divorce.

Written to serve a broad audience, the book is primarily intended for domestic relations practitioners who possess a basic understanding of the federal income, gift, and estate tax issues related to divorce and separation. It is also a valuable resource for tax attorneys and accountants who are frequently asked to provide guidance in this area, as well as for domestic relations and tax practitioners at the beginning, intermediate, and advanced levels.

The text first analyzes the law as enacted under the Tax Cuts and Jobs Act of 2017, followed by a discussion of the pre–Tax Cuts and Jobs Act rules. The inclusion of prior law reflects its continued relevance, as it remains applicable to many taxpayers and will continue to affect them for the foreseeable future.

Federal Income Estate and Gift Tax Aspects for Separation and Divorce Robert A Rombro ISBN 9781639053636, 978-1639053636 & 9781639053643

Author
Robert A Rombro