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Family Law | Divorce in Relation to Income Taxes

Before filing for divorce, various federal tax concerns ought to be reviewed due to their potentially profound consequences. Each has consequences and its tax treatment.Division of PropertyMost divorces entail a division of the property possessed by the couple.There are, nevertheless, tax consequences following divorce that influence future taxes.The basis is typically the cost of the property. A capital gain is taxable at rates that are specific. So, when the receiving spouse later sells property distributed pursuant to a divorce decree, the spouse receiving the compensation may be required to pay taxes on the proceeds of the deal.In a divorce, for...

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Introduction to Besserman Law

Deborah Besserman Owner/Attorney Besserman Law Office represents clients throughout St. Louis and Metro East in the areas of Family Law, Personal Injury, Wills and Estates, Contract Law, Property Disputes, Car Accidents, and Truck Accidents. Deborah Besserman will personally handle your case. Let Deborah Besserman put her years of experience in the legal industry to work for you.Licensed in Illinois & Missouri.Deborah has worked her way up in the legal field from secretary to paralegal to lawyer; her legal training began years before she finally became a lawyer. Through all the experience, she has developed a complete knowledge of the workings...

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