Recently released final regulations under section 162(f) of the Internal Revenue Code of 1986, as amended (the “Code”), make it a necessity to properly draft settlement agreements and court orders between a taxpayer and the government (federal, state or local or any of their agencies) to put the taxpayer in the best tax position possible. …
Should I Become Legally Separated Instead of Divorced?
The difference between legal separation and divorce is a commonly asked question. Each State may address legal separation differently. In Tennessee, there are important differences between legal separation and divorce to know before making a decision. First, legal separation is not the same as a divorce. It is also not a “cheaper” way to avoid …
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