Property division in a divorce depends on whether the state follows community property or common law rules. In community property states, most assets acquired during the marriage belong equally to ...

Community property law applies in determining whether property and the income it produces is community property or separate property if (1) in the case of income from ...

A divorce requires separating the assets that the couple acquired while married. Especially if spouses do not have a prenuptial agreement, they may need to navigate rules surrounding community ...

ndividuals who file a joint tax return accept joint and several liability for any underpayments. IRC section 6015(a) provides an innocent spouse protection from an assessed deficiency due to an ...

Louisiana is a community property state, wherein spouses are considered joint owners of nearly all assets and debts acquired in marriage. In the event of a divorce, assets acquired during the marriage ...

Q: My husband and I filed for divorce a few months ago and the divorce will not be finalized until well into 2024. My attorney told me that we can file “Married Filing Separately” or “Married Filing ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. Cross-border marriages can trigger complex U.S. tax issues ...

Q. Since Idaho is a community property state, if my husband dies, do I automatically inherit all of our property or would his children from his first marriage inherit his half of everything? A.

MP McQueen is a veteran journalist who has covered national and metro news, and has written and edited articles for legal and financial publications. Erika Rasure is globally-recognized as a leading ...

Question: My husband and I are filing for divorce in 2025. My attorney told me that we can file “Married Filing Separately” or “Married Filing Jointly” for 2024. Can you please give me the basics ...