Source: http://thorgoodlaw.com/category/child-support/
Timestamp: 2017-06-27 07:05:46
Document Index: 84883466

Matched Legal Cases: ['§ 71', '§ 151', '§ 152', '§21', '§ 162', '§21', '§21', '§ 162', '§ 21']

Child Support | FREE Yourself from IRS Problems
Child Support	Tax Consequences Of Child Support Payments For Payors And RecipientsPublished February 15, 2017 | By admin	Individuals must consider the tax consequences of obligations related to child support in divorce proceedings. The fact that child support payments are not deductible and the receipt of child support is not taxable sometimes creates spousal bitterness and discord in a divorce case. In this situation, the prevalent issue is the conflict between the payor’s desire to characterize his or her payment as an income tax deductible payment of alimony, while the payee-spouse wishes to treat the payment as a tax-free receipt of child support.
This is a preview of Tax Consequences Of Child Support Payments For Payors And Recipients. Read the full post (356 words, 1 image, estimated 1:25 mins reading time)	Posted in Child Support | Tagged child support, fixed payment, I.R.C. § 71(c) | Leave a comment	Tax Effects of Divorce or SeparationPublished November 21, 2016 | By admin	Individuals in the middle of, or just beyond a divorce rarely consider the tax ramifications of the agreements that they make as a party to the divorce proceedings. It’s only later that they become aware of the tax consequences of their divorce, when they get their tax bill and their accountant informs them of the special circumstances which increased it.
This is a preview of Tax Effects of Divorce or Separation. Read the full post (433 words, 1 image, estimated 1:44 mins reading time)	Posted in Child Support | Tagged alimony, child support | Leave a comment	The Importance Of Form 8332Published August 30, 2016 | By admin	Divorced taxpayers with children that fail to include an executed Form 8332 with their tax return will lose the exemption for that particular tax year. Form 8332 (Release/Revocation of Release of Claim to Exemption for Child by Custodial Parent) allows parents to do the following.
This is a preview of The Importance Of Form 8332. Read the full post (392 words, 1 image, estimated 1:34 mins reading time)	Posted in Child Support, Child Tax Credit, Form 8332 | Tagged custodial parent, exemption, Form 8332, I.R.C. § 151, I.R.C. § 152, noncustodial parent | Leave a comment	Child and Dependent Care Credit Explained (26 U.S.C. §21)Published March 28, 2016 | By admin	Federal courts have long held that expenses incurred by taxpayers for the care of dependents, such as a daycare or babysitting expense, while the taxpayer is away from home and at work, are not deductible under I.R.C. § 162(a). However, taxpayers who incur daycare expenses for their children or disabled adult dependents may be eligible for a federal tax credit of up to 35% percent of the cost of day care. To qualify for the child and dependent care credit, you must have a dependent child age 12 or younger, or a dependent of any age who cannot care for himself or herself. You may calculate your tax credit on IRS Form 2441.
This is a preview of Child and Dependent Care Credit Explained (26 U.S.C. §21). Read the full post (672 words, 1 image, estimated 2:41 mins reading time)	Posted in Child and Dependent Care Credit, Child Support, Child Tax Credit, Filing Status, Income Tax, Representation, Tax Credit | Tagged 26 U.S.C. §21, Child and Dependent Care Credit, dependent, Form 2441, I.R.C. § 162(a), I.R.C. § 21, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, qualifying individual, Tax, tax attorney, tax lawyer | Leave a comment	Who Claims The Kids On Their Taxes, And Other Ways Divorce May Affect Your TaxesPublished March 22, 2016 | By admin	Divorcing couples often wonder who claims the children on their taxes, and in what other ways divorce will affect their taxes. Questions may include which filing status to use after the divorce, and how payments for spousal maintenance and child support to an ex-spouse are treated for tax purposes. Also, inquiries about what happens to assets like the family residence are obviously frequently common.
This is a preview of Who Claims The Kids On Their Taxes, And Other Ways Divorce May Affect Your Taxes. Read the full post (844 words, 1 image, estimated 3:23 mins reading time)	Posted in Capital Gains, Child and Dependent Care Credit, Child and Dependent Care Creidt, Child Support, Child Tax Credit, Deductions, Education 529 Plans, Education Tax Credit, Filing Status, Income Tax, Representation, Tax Credit | Tagged 401(k), alimony, American Opportunity higher education credit, capital gains, Child Tax Credit, divorce, exemption, IRA, itemized deduction, joint return, Lawyer, married filing jointly, married filing separately, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, Qualified Domestic Relations Order (QDRO), settlement, spousal support, standard deduction, Tax, tax attorney, tax lawyer, the child and dependent care credit, the Lifetime Learning higher education tax credit | Leave a comment	To Be or Not To Be? Married Filing Jointly or Married Filing Separately?Published March 21, 2016 | By admin	Married couples have the option to file jointly or separately on their federal income tax returns. Undoubtedly, married couples during tax season have asked each other if they are filing advantageously, whether currently filing jointly or separately. The IRS strongly encourages most couples to file joint tax returns by extending several tax breaks to those who file together. In the vast majority of cases, it’s best for married couples to file jointly, but there may be a few instances when it’s better to submit separate returns.
This is a preview of To Be or Not To Be? Married Filing Jointly or Married Filing Separately?. Read the full post (814 words, 1 image, estimated 3:15 mins reading time)	Posted in Adoption Credit, Child and Dependent Care Credit, Child Support, Child Tax Credit, Deductions, Earned Income Tax Credit (EITC), Education Tax Credit, Filing Status, Income Tax, Lifetime Learning Tax Credit, Marriage Equality Act, Tax Credit | Tagged Adoption Credit, American Opportunity and Lifetime Learning Education Tax Credits, Child and Dependent Care Credit, community property, Earned Income Credit (EIC), exemption, filing jointly, filing separately, Lawyer, new york city tax attorney, New York City Tax Lawyer, New York Tax Attorney, New York Tax lawyer, nyc tax attorney, standard deduction, Tax, tax attorney, tax lawyer | Leave a comment	Is Your Income TaxablePublished April 27, 2015 | By admin	Is Your Income Taxable?