Tax
Jul. 7, 2012
Five more tax rules to know for divorce
Important tax rules to know when dealing with divorce, Part 2.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
In my last column (July 5) I covered five key rules that make divorce less taxing. Here are five more.
Retirement accounts can trigger taxes.
Retirement accounts can be troublesome. They may be tax-free now, but someday when they start paying out, they'll be taxed. Plus, if you take out money early, it can be subject to taxes and penalties.
Example: Boris has three IRAs and is awarded all three i...
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