New York Divorce Report - Divorce and Taxes: How to Avoid Costly Mistakes - Comments http://divorce.clementlaw.com/ Daniel E. Clement: New Jersey & NY Lawyer & Attorney for Family Law & Pre-Nuptials en Copyright 2011 Fri, 07 Oct 2011 09:44:00 -0500 Fri, 07 Oct 2011 09:44:00 -0500 http://www.sixapart.com/movabletype/?v=4.32-en http://blogs.law.harvard.edu/tech/rss Elizabeth Would money recieved from a spouse from a settlement agreement be taxable?

]]> http://divorce.clementlaw.com/agreements/divorce-and-taxes-how-to-avoid-costly-mistakes/#17551 http://divorce.clementlaw.com/agreements/divorce-and-taxes-how-to-avoid-costly-mistakes/#17551 AgreementsDivorceEquitable Distribution Thu, 14 Jun 2007 12:27:32 -0500 Daniel Clement Elizabeth Would money recieved from a spouse from a settlement agreement be taxable?

]]> http://divorce.clementlaw.com/agreements/divorce-and-taxes-how-to-avoid-costly-mistakes/#17552 http://divorce.clementlaw.com/agreements/divorce-and-taxes-how-to-avoid-costly-mistakes/#17552 AgreementsDivorceEquitable Distribution Thu, 14 Jun 2007 12:27:32 -0500 Daniel Clement Daniel Clement In order to answer the question, you have to know, if the payment is maintenance or equitable distribution.

A maintenance or alimony payment may be taxable, equitable distribution is generally not. But you may have, for instance, have a capital gain for a property conveyed by the agreement, but later sold.

Bottom line, the agreement need be reviewed.

]]> http://divorce.clementlaw.com/agreements/divorce-and-taxes-how-to-avoid-costly-mistakes/#17553 http://divorce.clementlaw.com/agreements/divorce-and-taxes-how-to-avoid-costly-mistakes/#17553 AgreementsDivorceEquitable Distribution Thu, 14 Jun 2007 12:27:32 -0500 Daniel Clement