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GOP Tax Bill - Alimony treatment

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Anonymous Member12-16-2017 11:17 AM

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Anonymous Member12-16-2017 12:31 PM

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  • 1.  GOP Tax Bill - Alimony treatment

    Posted 12-16-2017 08:10 AM
    Does anyone know what the final version did with alimony treatment?  I looked at the news articles and tried to find it on line but could not, just wondering if anyone knew.

    Thanks,
    Gerri Duswalt

    GERALDENE SHERR DUSWALT, ESQ.
    ATTORNEY AT LAW
    Admitted in New York and New Jersey

    1812 Front Street
    Scotch Plains, N.J. 07076

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    This e-mail and any documents accompanying this e-mail may contain information from the law office of Geraldene Sherr Duswalt, Esq. that is intended to be for the use of the individual or entity named in this e-mail transaction and which may be confidential, privileged or attorney work product. If you are not the intended recipient be aware that any disclosure, copying, distribution, or use of the contents of this e-mail is strictly prohibited. If you receive this e-mail in error, please notify the sender at once.



  • 2.  RE: GOP Tax Bill - Alimony treatment

    Posted 12-16-2017 09:07 AM
    Looks like it is beginning for Dec 31, 2018. It does not affect prior agreements.
    After Dec31, 2018, alimony will not be deductible for the payor and is not taxed as income to the recipient.

    Melinda L. Singer, Esq.

    River View Office Center

    3 University Plaza, Suite 207

    Hackensack, New Jersey 07601

    Tel:  201-678-9800 ext. 304

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  • 3.  RE: GOP Tax Bill - Alimony treatment

    This message was posted by a user wishing to remain anonymous
    Posted 12-16-2017 11:17 AM
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  • 4.  RE: GOP Tax Bill - Alimony treatment

    This message was posted by a user wishing to remain anonymous
    Posted 12-16-2017 12:31 PM
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  • 5.  RE: GOP Tax Bill - Alimony treatment

    Posted 12-16-2017 12:50 PM
    What will happen to an agreement entered pre 2018 that gets modified via Order post 2018 when tax change goes in effect?   And is the IRS really going to be able to distinguish between taxpayers? (Those eligible for deduction versus those not eligible?) 

    Meredith Allen





  • 6.  RE: GOP Tax Bill - Alimony treatment

    Posted 12-16-2017 02:09 PM
    Per Gary Borger: looks like final bill was a compromise as to effective date. 

    "effective for any divorce or separation instrument executed after December 31, 2018, or for any divorce or separation instrument executed on or before December 31, 2018, and modified after that date, if the modification expressly provides that the amendments made by this section apply to such modification."

    Robert E. Goldstein, Esq.
    Drescher & Cheslow, P.A.
    (732) 972-1600

    Visit my website: www.mydivorcelawyernj.com



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  • 7.  RE: GOP Tax Bill - Alimony treatment

    This message was posted by a user wishing to remain anonymous
    Posted 12-16-2017 03:40 PM
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  • 8.  RE: GOP Tax Bill - Alimony treatment

    Posted 12-16-2017 03:46 PM
    Bob,





  • 9.  RE: GOP Tax Bill - Alimony treatment

    Posted 12-17-2017 12:12 PM
    Does the opt in apply only to the pre- 12/31/18 agreements or all divorce instruments

    Barbara Ulrichsen
    Ulrichsen Rosen & Freed
    114 Titus Mill Rd. 
    Unit 200
    Pennington, NJ 08534
    609-730-3850 x 1950





  • 10.  RE: GOP Tax Bill - Alimony treatment

    Posted 12-16-2017 09:21 PM
    At least it gives us a year to figure out appropriate non deductible alimony amounts.  I guess if people get audited then they will
    have to produce their judgements or agreements to prove the date.  



    Original Message


  • 11.  RE: GOP Tax Bill - Alimony treatment

    Posted 12-16-2017 03:10 PM

    Oh, it will hurt a lot more than just the lower income people.  In alimony cases, tax treatment has a profound effect in life style on all but the very rich.  For most alimony cases, if Uncle Sam is not helping pay the alimony, as it were, both sides will be feeling the pinch under this new tax law.

     

     

    Mark F. Saker, Esquire

    Attorney ID #271831971

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  • 12.  RE: GOP Tax Bill - Alimony treatment

    This message was posted by a user wishing to remain anonymous
    Posted 12-16-2017 05:14 PM
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  • 13.  RE: GOP Tax Bill - Alimony treatment

    Posted 12-17-2017 10:16 AM
    The point is that the alimony shifts some income to the less monied spouse, and since its "income" it should be taxable to the person who receives it. My assumption is that when we are talking about alimony post 2018 we will be looking at net income and not gross income.

    GERALDENE SHERR DUSWALT, ESQ.
    ATTORNEY AT LAW
    Admitted in New York and New Jersey

    1812 Front Street
    Scotch Plains, N.J. 07076

    576 Fifth Avenue, Suite 903
    New York, N.Y. 10036

    Telephone:    (908) 322-5160
    Fax:              (908) 654-3970
    E-mail:          [email protected]
                        [email protected]
    Web Site:      www.duswaltlawfirm.com

    General practice of law serving the legal needs of the community, family and matrimonial law, bankruptcy, real estate, wills and general litigation.

    This e-mail and any documents accompanying this e-mail may contain information from the law office of Geraldene Sherr Duswalt, Esq. that is intended to be for the use of the individual or entity named in this e-mail transaction and which may be confidential, privileged or attorney work product. If you are not the intended recipient be aware that any disclosure, copying, distribution, or use of the contents of this e-mail is strictly prohibited. If you receive this e-mail in error, please notify the sender at once.






  • 14.  RE: GOP Tax Bill - Alimony treatment

    This message was posted by a user wishing to remain anonymous
    Posted 12-17-2017 12:27 PM
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  • 15.  RE: GOP Tax Bill - Alimony treatment

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    Posted 12-17-2017 12:59 PM
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  • 16.  RE: GOP Tax Bill - Alimony treatment

    Posted 12-18-2017 11:15 AM
    Hello Family Law Section members,

    A number of posts from this thread have been deleted.

    When posting message, please keep in mind the following from the Code of Conduct:

    • Only send a message to the entire list when it contains information that everyone can benefit from.

    • Remember that all messages should add to the body of knowledge. The NJSBA reserves the right to reject any message for any reason.

    ------------------------------
    Barbara Straczynski
    Director of New Media and Promotions
    New Jersey State Bar Association
    New Brunswick NJ
    (732) 937-7524
    [email protected]
    ------------------------------

    Original Message


  • 17.  RE: GOP Tax Bill - Alimony treatment

    Posted 12-18-2017 11:27 AM
    Hello Family Law Section members,
    Apologies for bringing another email into your busy day, but I have received some responses to my last message.

    I want to clarify that certain posts in this thread were deleted because they were blatantly political, and offensive to members of the section, and therefore violated the Code of Conduct.

    Please keep in mind that by using this forum, you are emailing over 1,000 Family Law Section members.

    Best regards,
    Barbara

    ------------------------------
    Barbara Straczynski
    Director of New Media and Promotions
    New Jersey State Bar Association
    New Brunswick NJ
    (732) 937-7524
    [email protected]
    ------------------------------

    Original Message


  • 18.  RE: GOP Tax Bill - Alimony treatment

    Posted 12-18-2017 12:06 PM

    Agree

     

    Lawrence D. Forster
    Forster Arbore Velez

    Attorneys at Law
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