Month: April 2021

While the filing of a joint income return would, in most instances, yield the most beneficial tax treatment either reducing the ultimate tax due the IRS and NYS and/or significantly increasing any refunds due for overpayment of income taxes throughout the year, the...

The term “separate property” is often times discussed in connection with litigation and settlement in divorce proceedings. Separate property is defined in the Domestic Relations Law as that property owned by a party prior to the parties marriage or acquired by a party...