Protecting Your Assets During Divorce
Our federal and state tax codes are complex, affecting nearly every transaction in some way. Taxes can play a significant role in shaping a divorce settlement too. For this reason, you should choose a divorce lawyer with experience in taxation issues, particularly if your property interests include the ownership of a business or professional practice.
The Law Offices of James M. Newman and Associates, LLC, has a great deal of experience in complex property division matters. We will use our knowledge and expertise to protect your assets and achieve the best overall financial solution for you.
To learn more about the financial and tax issues in your divorce, contact the Law Offices of James M. Newman and Associates, LLC.
James Newman has earned an LL.M., Master of Law degree from New York University School of Law.
Tax Issues in Divorce
Some of the many tax issues that must be considered when crafting a divorce settlement include:
- Tax loss carry forwards in a business or professional practice
- Tax credits or deferred taxes that may lie in the balance sheet of an enterprise
- Capital gains taxes that must be paid if a business or home must be sold as part of a property settlement
- Alimony paid is tax deductible for the payer and taxable for the receiver
New Jersey Complex Property Division Attorneys
James Newman has dealt with these and other tax issues in divorce for more than 40 years, and he is a certified matrimonial attorney by the New Jersey Supreme Court. He is a member of the American Academy of Matrimonial Law Attorneys.
Our attorneys will undertake a thorough examination of all of the tax and financial issues affecting your case. We will also work with one or more tax accountants or other professionals who can provide guidance regarding a potential property distribution settlement.
The Law Offices of James M. Newman and Associates, LLC, will work diligently to protect your assets and achieve the optimal divorce settlement for you.
Schedule a Consultation
Contact the Law Offices of James M. Newman and Associates, LLC, for a consultation with a Freehold divorce tax issues attorney.
Evening and weekend appointments available.
