Yesterday, we advised you to start preparing for your 2023 tax filing. Today, we’ll talk about deductions you can take that are not included on Schedule A, Itemized deductions. These are “above the line” deductions that are afforded you, even if you don’t itemiae.
Continue reading Above the line…
I know. The government is shut down. And, I have no idea if this ridiculous situation will last two more days, two more weeks, or longer. (I am betting if it goes longer than 2 weeks, there will be a veto override to open the USA for business.)
This is a continuation of our discussion of the final versions of the House and Senate Tax Cuts and Jobs Act (sic) bill. Those are now the law of the land, PL 115-97.
Continue reading Personal Taxes, from 2018 until 2026
I had a few of your readers complaining that my equation to figure out the chances of finding “the one” was too clinical and not romantic enough. (Yes, some folks don’t want their comments published on the web; I do keep them private.)
Continue reading Love and Marriage… and a prenup?
Many of you know, I have served as the CFO for a few legal firms. One of my longest affiliations was with a family law practice. (Don’t you just love that euphemism… family law, aka divorce. One of the most contentious of all law practices.)
Continue reading The biggest asset in a divorce…
“No, David, I need her social security number.
“I don’t have it. Just list it anyway.
“No can do. It doesn’t work that way.”
Continue reading Divorce- IRS Style…
Getting married? Even for the first time, if one of you is running their own business, a prenuptial agreement (prenup) may be in order. If either of you have children from a previous marriage, it is a critical consideration.
Continue reading What’s a 6 letter word for insurance?
Betty Thompson would be pissed. Yes, she would. Because, she knew that the best way to have divorce ‘work’ in America was to make things equitable. She worked hard to change the laws in Virginia. Instead of basing the split of assets from who had the title (which typically was the male, especially when she began her practice) to “equitable distribution”. And, while she knew that alimony had to have a finite limit- and not proceed for decades or for life- that change came slower.
Continue reading Till Death Do Us Part?
