It’s common in divorce cases that involve an interest in a closely held business for that investment to be the marital estate’s most valuable asset. In many states, when the owner-spouse brings this asset to the marriage, a specialist may be called upon to distinguish between active appreciation in the business’s value (which is generally subject to division)…
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Is a Joint Appraiser Right for Your Divorce?
When a business owner is getting a divorce, determining the value of the business interest to include in the marital estate can be one of the most contentious and time-consuming issues. Rather than hire separate experts to duke it out in court, some spouses opt to hire one joint business valuation professional. If a divorce involves a…
10 Tax Tips for Volunteers
Donating time to a charity can be a rewarding experience — both for you and people (or animals) who benefit from the organization’s mission. But your efforts may also provide you with some well-deserved tax breaks if you itemize deductions on your tax return. Although you can’t deduct the “value” of your services, here are 10…