Thursday, October 1st, 2009
2009 and 2010 bring a slew of changes to the structure of tax credits and deductions in the Federal Income Tax system. Today I would like to draw attention to the American Opportunity Tax Credit. The American Opportunity Credit expanded and renamed the Hope Credit for tax years 2009 and 2010. The expanded credit increases [...]
Tags: College Funding, Dependency Exemption, Divorce Financial Planning, Financial Life After Divorce, Justin Reckers, Non-Custodial Parent, Pacific Divorce Management, Post divorce financial planning, post divorce wealth management
Posted in College Funding, Debt, Divorce Financial Planning, Taxes | No Comments »
Wednesday, August 5th, 2009
The Internal Revenue Service released a memorandum on June 19, 2009, clarifying the rules governing non-custodial parent’s ability to claim a dependency exemption for their child.
Previously, the Service allowed a non-custodial parent to claim an exemption for a child if the custodial parent signed a written declaration releasing claim to the exemption and the non-custodial [...]
Tags: Dependency Exemption, Divorce Financial Planning, Financial Life After Divorce, IRS Form 8332, Justin Reckers, Non-Custodial Parent, Pacific Divorce Management, Post divorce financial planning
Posted in Dependency Exemptions, Divorce Financial Planning, IRS Form 8332, Marital Settlement Agreements, Post divorce financial planning, Spousal Support, Taxes | No Comments »
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