From the Editor in Chief

From the Editor in Chief

Kathleen A. Hogan

Family law practitioners seldom cite a fascination with tax law as one of their reasons for selecting this practice area. Nevertheless, competent practitioners need to be familiar with a wide variety of tax nuances. Capital gains taxes affect the “real” financial effect of selling or transferring a home, rental property, or stock portfolio. Corporate or other business tax rates affect the value of a business interest that may be divided or otherwise addressed as part of an asset division. Income taxes (and associated deductions) affect the “real” cash flow that results from the payment or receipt of alimony or child support. Even those practitioners who deal only with child-related issues need to have an understanding of the exemptions, credits, or other tax benefits that do (or used to) go along with responsibility for a child.

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