Welcome Guest. Register Now!  


For 2013 Tax Tips For Year 2013.


 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 09-02-2013, 09:32 PM
Junior Member
 
Join Date: Sep 2013
Posts: 3
Who pays tax on divorce ordered ESOP disbursement?

My husband is finalizing our divorce with the courts on Wednesday. He is asking for a court order that would allow him to withdraw funds from his ESOP in order to settle asset division in the divorce. The court order states that the check from the ESOP will be sent to me.

My question is who will have to pay taxes on and report the money? Him or me?

We have been physically separated for all of 2013, so I know that I can file taxes as single "head of household" and I know that I will receive a generous tax refund because I qualify for the earned income credit, child credit, etc. so I don't want to jeopardize losing that refund because of this ESOP disbursement.

Please help.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Esop - Qrp MongoDog Capital Gains 0 04-07-2011 05:49 PM
ESOP Plan Tax Question dkaetz5314 Capital Gains 1 02-05-2011 10:07 PM
sold ESOP STock 1099R & 1099B TRINAB Income 0 01-30-2011 03:38 PM
Going through a divorce...filed extension cwfrad Divorce Tax Issues 0 10-17-2010 10:58 AM
Divorce Tax Quaqmire of Many Questions ripples Divorce Tax Issues 0 11-23-2008 08:56 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.