Accounting
Is it a Profit? Is it a Loss? NO, It’s Super-Manipulation
Whether a case involves a divorce, a minority stockholder suit, partnership dissolution, insurance claim – it is usually very important (many times the most important financial aspect of a situation) to determine the real income of a business entity, how much the business owner is making.
The Value of Filing as “Head of Household”
Filing as Head of Household (“HOH”) can save up to $8,000 per year over filing as Single. Therefore, it is critical to evaluate the post-divorce tax filing status for each party when negotiating a settlement. This requires thought and agreement beyond determining who will claim a child as a dependent.
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