Category: Tax Consequences

Wahl v. Wahl

No abuse of discretion in refusing to consider the theoretical tax consequences of sale of corporation where sale is neither necessary nor probable. However, where award of property is a taxable event, capital gains consequences must be considered.

In Re Marriage of Scheuer v. Scheuer

The court did not have to consider the tax consequences of husband’s withdrawal from his IRA to make the equalization payment since it was anticipated that he would sell or refinance the homestead. Husband’s choice to raise funds through a method which resulted in a penalty is his erroneous exercise of discretion, not the court’s.