Throughout each family case there are several tax implications that come to pass. Below is a brief outline of the most common tax implications: Property Transfers: Per the Internal Revenue Code section 1041, transfers of property between former spouses as an incident of divorce is tax free. No gain or loss is recognized on such transfers. Incident to a divorce means the transfer occurs within one year of the marriage ceasing and is related to the cessation of the marriage (such as through a Judgment or Marital Settlement Agreement). Except.
Being a driver, you feel like getting car insurance will give you peace of mind. Aside from the fact that it is mandated by the law to have car insurance in almost all of the states, you also enjoy the feeling of not having to worry about accidents when they occur. As a responsible driver, you choose to pay more than the bare minimum to make sure that everyone who rides with you and the drivers you encounter in the road are protected. But what would you do.
Filing an insurance claim after a car accident can be very tedious. You will have to prove that you are suffering the injuries that you claim and/or that there was damage to your property, and it can become stressful, especially when you’re still dealing with the trauma or shock of the accident you were involved in. Here are some tips to make sure that your insurance claim will go as smoothly as possible. 1. Timing is everything. – After making sure that you have recovered enough from the.
After being injured in an auto accident you may feel overwhelmed and unsure how to proceed. One of the first steps you should consider taking after being injured in a car accident is consulting a personal injury attorney. Here are just a few of the benefits consulting a personal injury attorney can provide you with. Have Someone on Your Side During This Difficult Time By consulting a personal injury attorney you will ensure that you have someone on your side to help you through this difficult time. Most people do.
Riding a motorcycle can be an exhilarating experience for many individuals. However, motorcycle accidents have become an all too common occurrence, often due to the negligence of drivers who do not look out for motorcycles on the road. If you have been injured in a motorcycle accident, you will likely have many questions and concerns, one of which may be whether or not you should consult a personal injury attorney to help you through this difficult time. Here are just a few reasons why it would be in your best.
Many drivers do not know how to share the road with motorcycles, making motorcycle accidents an all too common occurrence. However, due to the exposed nature of riding a motorcycle, a motorcycle accident can be particularly devastating, leaving you injured and out of work for days or even weeks. This makes it important that you consult an injury attorney if you have been injured in a motorcycle accident. Here are just a few of the reasons why you should contact an attorney if you have been injured in a recent.
Summer is a popular time to take a road trip. But before you program your destination into a GPS, here are some tips that you should know: Get a Tune-up According to the National Highway Traffic Safety Administration (NHTSA), vehicle owners should visit a qualified mechanic to have their air conditioner, battery, belts, and fluids checked before hitting the roadways. Don’t Drive on Limited Sleep The NHTSA also states that driving while drowsy plays a role in 100,000 accidents every year. It is best to get at least eight hours.
When you’re driving, an accident or roadside emergency can happen when you least expect it. A cell phone makes it easy to call for help, but there may be times when you don’t have service. To make sure you are prepared for the unexpected, here are five items you should always keep in your car: Emergency Lighting If you’re stuck on the side of the road, it’s important to have flares or reflectors that will make you visible to other motorists during nighttime hours. Having a flashlight is also a.
According to the U.S. Department of Education, there are 81.5 million children enrolled in schools across the United States. Many walk to school or are dropped off in front of the building, which is why it’s important for motorists to drive cautiously through school zones. These zones are in effect in California during the hours children are going to or leaving school, as well the noon recess period when elementary aged children are often playing outside. State law mandates the speed for school zones be 25 miles per hour or.