New Jersey Family Law

CLIFTON WOODLAND PARK WANAQUE RINGWOOD PASSAIC COUNTY NJ DIVORCE TAXATION MEDIATOR

You may be denied a new passport (or the renewal of an existing passport) if you owe more than $50,000 in taxes, under newly enacted federal legislation.    Internal Revenue Code, § 7345, August 8, 2016

NJ UNREPORTED INCOME DIVORCE RANDOLPH ROXBURY FLORHAM PARK EAST HANOVER MORRIS COUNTY MEDIATION TAXATION

Citing the seminal case of Sheridan v. Sheridan, 247 N.J. Super. 552 (Ch. Div. 1991),  involving unreported income, the Court doubts the father's voluntary payment of 71% of his income was due to "generosity. Rather, it suggests it might have been attributable to "under-reporting" of income.   Tuman v. Tuman, New Jersey App. Div., May 11, 2016

SECAUCUS BAYONNE GUTTENBERG NORTH BERGEN HUDSON COUNTY NJ ALIMONY TAXATION LAWYER MEDIATOR ARBITRATOR

It’s tax time. If you received alimony pursuant to a court order or an agreement, you may be liable for income taxes. Did you pay quarterly estimated taxes on the alimony received? If not, you may be in for a hefty tax bill.    § 71, Internal Revenue Code; April 12, 2016

SPRINGFIELD SUMMIT SCOTCH PLAINS LINDEN UNION COUNTY NJ DIVORCE TAXATION LAWYER MEDIATION

 

This divorced New Jersey couple had various unresolved income tax issues, necessitating this appeal. These included joint vs. separate filings, IRA withdrawals, tax withholding, a draft tax return vs. an unsigned version and more.       DeProspo v. DeProspo, New Jersey App. Div., March 29, 2016

LINDEN MOUNTAINSIDE SCOTCH PLAINS WESTFIELD UNION COUNTY NJ CHILD SUPPORT TAX EXEMPTIONS MEDIATION

New Jersey child support payers be aware : if you fall into arrears, you’re at risk of losing the child dependency tax exemption, available under federal and state tax laws.     Zeitlin v. Zeitlin, New Jersey Ch. Div., May 22, 2015

 

MEDIATION ARBITRATION ATTORNEY LITTLE FALLS CLIFTON TOTOWA POMPTON LAKES PASSAIC COUNTY NJ DIVORCE TAXATION CONSEQUENCES

It was insufficient for the New Jersey divorce judge to merely state alimony is taxable to the recipient and deductible by the payor. Rather, the court must also make specific findings regarding the tax consequences of the award on both the supporting and supported parties.        Happold v. Happold, New Jersey App. Div., November 1, 2014

MOUNTAINSIDE CRANFORD WESTFIELD SPRINGFIELD UNION COUNTY NEW JERSEY DIVORCE TAXATION MEDIATOR

While this New Jersey divorce action was pending, the husband withdrew the entire balance of $353,000 from his 401K retirement account. Moreover, during the 5 years leading up to the divorce trial, he had not filed any income tax returns.       Meyers v. Meyers, September 9, 2014

 

 

POMPTON PLAINS HALEDON LITTLE FALLS WEST PLAINS PASSAIC COUNTY NJ DIVORCE TAX EXEMPTION NJ ATTORNEY MEDIATION

 

Either by agreement or by court order, New Jersey divorced parents may decide which party is entitled to take advantage of the child dependency exemption under the Internal Revenue Code [26 U.S.C.A. § 151(c)] , even though the Code initially allots the exemption to the custodial parent [26 U.S.C.A. § 152(c)(4)(B)(i)].      MacCormack v. MacCormack, New Jersey App. Div., March 11, 2014

MADISON MENDHAM MORRISTOWN MOUNTAIN LAKES MORRIS COUNTY NJ DIVORCE TAXATION MEDIATOR ARBITRATOR LAWYER

Even matrimonial experts make this mistake : the tax benefit allocable to children is properly called an exemption, not a deduction.    Finerfrock v. Hicks, New Jersey App. Div., December 2, 2013

RAMSEY LYNDHURST ENGLEWOOD ORADELL BERGEN COUNTY NJ DIVORCE TAXATION MEDIATOR

Taxpayers who file joint returns are held jointly and severally liable for liabilities that flow from those submissions. See 26 U.S.C. § 6013(d)(3).  "Innocent spouse" relief provisions in the tax code offer a narrow exception to this arrangement. Under these, the tax code exempts a joint filer who "did not know or have reason to know that there was an understatement on the tax return" from joint and several liability.     Wheeler, IV v. Wheeler, New Jersey App. Div., July 24, 2013