Divorce Taxation

REVISION 16 HIGHLIGHTS

With the 2017 Edition of Divorce Taxation, co-author Brian C. Vertz continues to build upon the excellent work of former author Melvyn B. Frumkes with new and revised text throughout the book. The highlights include:

PRACTICE TOOLS

• 2017 Tax Reference Guide — This handy resource puts some of the most-needed tax information right
  at your fingertips, in short, easily accessible tables.
• Appendices:
  – IRS Form 8615, Tax for Certain Children Who Have Unearned Income, with Instructions
  – IRS Form 8857, Request for Innocent Spouse Relief, with Instructions
  – IRS Form 8379, Injured Spouse Allocation, with Instructions
  – Form: Individual Retirement Account Change of Account Information
  – Rev. Proc. 2016-55
• Short-List of Helpful IRS Publications

EXPANDED AND UPDATED SUBSTANTIVE COVERAGE
You receive new and updated coverage of tax issues that arise in divorce, including issues related to:

• Judge’s Duty to Report to I.R.S. (“Whistle-Blowing”)
• Non-Recognition of Tax on Property Transfers Between Spouses and Former Spouses
• Mortgage Interest On Qualified Residence
• Valuation Discounts For Estate and Gift Tax Purposes on Transfers of Interests in Businesses Between Certain Family Members
• Attorney’s Fees: What Is and Is Not Deductible?
  – Fees Related to Production or Collection of Taxable Income
  – Fees to Resist or Reduce Alimony
  – Fees to Obtain Income-Producing Property
• Relief From Joint and Several Liability
  – Table Summarizing the Three Forms of Available Relief: Innocent Spouse Relief; Separation of Liability; and Equitable Relief
  – Participation or Intervention By Non-Electing Spouse (Form 12508)
  – Criteria for Establishing Knowledge of Erroneous or Inflated Deduction
  – Factors IRS Will Consider in Deciding Whether to Grant Equitable Relief
• Five QDRO Mistakes that Experienced Lawyers Make
• Prenuptial Agreements: Portability – Deceased Spouse Unused Exclusion (DSUE)
• Interest, Penalties & Tax Crimes
• Divorce and Criminal Liability