North Carolina Divorce Law – Raleigh Divorce Lawyer
Divorce Laws, Forms, Calculators, and Family Law Help
The sad truth is that entrepreneurs are more likely to end up going through a divorce than those who work traditional jobs. Many entrepreneurs in Raleigh, the Triangle, and beyond can relate. Entrepreneurship is risky, requires working long hours, and can plummet a couple into serious debt. Many aspects of being an entrepreneur can lead […]
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Selling, splitting, and dividing business assets can make divorce trickier How do you divide a business during a divorce? When a couple goes through a divorce, assets and liabilities are split through a process called Equitable Distribution. Essentially, a court will classify property as either marital or separate, place a value on the property, and […]
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Revocation of Release of Claim to Exemption for Child by Custodial Parent (Click to download)
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What implications do alimony, child custody, child support, and property division have on your taxes? Lee Rosen, retired divorce attorney and founder of Rosen Law Firm, tells you what to expect. Welcome to The Tax Center at North Carolina Divorce. I’m Lee Rosen. We’ve compiled here in this center all of the information that we […]
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(a) General rule Gross income includes amounts received as alimony or separate maintenance payments. (b) Alimony or separate maintenance payments defined For purposes of this section— (1) In general The term “alimony or separate maintenance payment” means any payment in cash if— (A) such payment is received by (or on behalf of) a spouse under […]
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(a) Treatment of amounts received Amounts received in respect of the services of a child shall be included in his gross income and not in the gross income of the parent, even though such amounts are not received by the child. (b) Treatment of expenditures All expenditures by the parent or the child attributable to […]
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Is alimony taxable? No. For divorces entered into before 2019, the spouse who received alimony payments would have to include alimony as earned income when filing taxes while the spouse who furnished the alimony payments could claim a deduction for the alimony payments. However, going forward from January 1st, 2019, alimony will neither be taxable […]
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