Monthly Archives: February 2011

IRS Tips: Five Tips if You Changed Your Name Due to Marriage or Divorce

Posted on February 24th, 2011 by Burton S. Hochberg

From IRS.gov IRS TAX TIP 2011-23 If you changed your name as a result of a recent marriage or divorce you’ll want to take the necessary steps to ensure the name on your tax return matches the name registered with … Continue reading →

Posted in Adoption, Divorce, Tax Issues Tagged , , , , |

Flash Point: Mandatory Interest on Unpaid Child Support Payments Effective May 1, 1987

Posted on February 21st, 2011 by Michelle A. Lawless

The Illinois Supreme Court recently held that mandatory interest on child support payments became effective as of May 1, 1987.  The support obligor father had been largely delinquent in payments from 1992 through 2005.  He conceded that mandatory interest accrued … Continue reading →

Posted in Child Support, Divorce, Recent Cases & Law Tagged , , , , , , , , , , |

Tax Filing or Fooling: Review Your Spouse’s Tax Forms

Posted on February 17th, 2011 by Carlton R. Marcyan

Among the annual rites of spring is the filing of your income tax return. In the majority of households, that means one spouse will simply ask another to ”sign here,” and the other spouse never looks at any part of … Continue reading →

Posted in Divorce, Tax Issues Tagged , , , , , , , , , , , , |

Flash Point: Court Should have Reevaluated Retirement Account when Entering QDRO

Posted on February 14th, 2011 by Michelle A. Lawless

In a second appeal, the husband challenged the trial court’s finding after remand that would cause him to bear the majority of a retirement account’s loss when entering a QDRO.  In its original judgment for dissolution of marriage in 2007, … Continue reading →

Posted in Divorce, Recent Cases & Law, Retirement Benefits Tagged , , , , , , , , , , , , , , , |

What to Do With Your Social Security Tax Holiday

Posted on February 8th, 2011 by Dorothy A. Voigt

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 provides a one-year tax “holiday” for taxpayers by reducing the amount of Social Security taxes collected.   A tax reduction, you say?  How is that going to work? The … Continue reading →

Posted in Retirement Benefits, Tax Issues Tagged , , , , , , , , , , , |

Flash Point: Child’s Receipt of Dependent Social Security Benefits did not Entitle Father to a Setoff Against Medical Support Arrearage

Posted on February 4th, 2011 by Michelle A. Lawless

A father who became permanently and completely disabled after a car accident challenged the trial court’s ruling that the child’s receipt of a lump sum payment of approximately $13,000 as retroactive social security dependant payment should offset $3,967 that he … Continue reading →

Posted in Child Support, Health Benefits, Recent Cases & Law Tagged , , , , , , , , , , |