The Internal Revenue Service (IRS) loves to give tests. There’s two phrases sure to head straight to your heart, and make it jump: IRS and tests. Publication 5041 includes a section called “Tests To Be A Qualifying Child.” Before you leap to that fascinating reading, though, be aware that the answer to the question, “Who Claims the Children on Taxes ...
If you owned a stock that climbed 33 percent in value from 2014 to 2019, you would rightfully think of yourself as the next Warren Buffet. That percentage, though, is the increase in the amount of student loan debt incurred in the United States in that five-year period, according to Investopedia1. If a sliver of that debt is in your ...
“I plead the Fifth.” It refers to Amendment V of the beloved and revered United States Constitution. Can the Fifth Amendment help your Virginia divorce case? Amendment V Our very own James Madison, esteemed Virginia lawyer, signer of the Constitution, and fourth president of the United States, penned Amendment V: “No person shall be held to answer for a capital, ...
How many words would you need to explain one word? Virginia’s Supreme Court took 544 words to explain their disapproval of the word “shall.” Let’s see how many we need to ensure you completely understand how a Virginia property settlement agreement — also called a separation agreement — gets you to your uncontested, no-fault Virginia divorce. What is a Property ...
Virginia boasted of 745,886 small businesses in 2019, according to the U.S. Small Business Administration. Together they accounted for 47.2 percent of all Virginia employees. The odds are, if your wife owns a Virginia business, she owns a small business (fewer than 500 employees). And, odds are, if you and she are divorcing, you have your eye on that business. ...
COVID-19 is terrifying a lot of Virginians, and rightly so. Some hunker down, adopting a bunker mentality that preserves the home as a virus-free safe zone. Some seek to escape, by packing the kids in the family car and heading off to surrounding states. Some seek to escape their marriage at the same time. COVID-19 Ground Conditions As of August ...
Dr. Phil is not a medical doctor or licensed psychologist. He has a doctoral degree in clinical psychology. Having said that, and acknowledging he is not any more qualified to offer psychology than your local bartender, he does speak plain truths to complicated people. Want to watch him skewer selfish parents dealing with divorce? You can watch the drama here, or ...
Financial gurus will tell you: a new car purchase is really three deals (sell the old car; buy the new car; arrange the financing). Car dealers want all that to happen on their lots. Financial advisers tell you to keep the three deals apart. The principle holds true with divvying up marital property during separation and divorce: keep the deals ...
The 4th century BCE Daoist book, Zhuangzi, holds a parable called The Empty Boat. A boater on a swift-flowing river must contend with an empty boat that bangs against his. He deals with it, calmly calculating how to move the empty, drifting boat out of his path. Consider, though, if he would have done the same thing if the other ...