Tax

Judges offer practice tips on the income and divorce topics covered throughout the day and provide unique insights on your questions.

2019 and 2020 have brought a flurry of cases involving financial issues in divorce cases. We will highlight these issues in this hard-hitting summary.

The IICLE® 2021 Business Valuation, Financial & Tax Issues in Divorce: Defining & Understanding Income program will help you better understand the tricky “money” issues that family lawyers encounter. This year’s program will focus on what constitutes "income" and our popular case law update and judges’ panel are not to be missed.

Unless otherwise agreed, maintenance terminates when the recipient “cohabits with another person on a resident, continuing conjugal basis.” Simple, right? Wrong! Since the doctrine of cohabitation was statutorily enacted in 1977, its judicial interpretation has been varied and even contradictory. Courts have vacillated on a spectrum between love and money, at times focusing on the recipient’s romantic relationship (See In Support of Halford, 70 Ill. App. 3d 609, 612 ruling the "husband-wife relationship” contemplates “acts of sexual intercourse as part of the full or de facto husband-wife relationship”) and at times focusing on the recipient’s financial relationship (See In Re Marriage of Sappington, 106 Ill.2d 456 (1985) ruling that “it is the husband-and-wife-like relationship which bears the rational relationship to the need for support, not the absence or presence of sexual intercourse.”) The one constant through it all is the “husband-wife relationship” which, in a world where married couples can have open relationships, financial independence, and even physical independence, distills the doctrine of cohabitation down to the clarity of mud. Review practical considerations, such as where a payor and recipient would be wise to focus their arguments, and philosophical considerations, such as whether our doctrine is fair and accomplishing the purpose it was designed for.

Get an update on the impact that the COVID-19 pandemic has had on the valuation of companies this past year. Where do we go in 2021?

This is a handy reference tool for seasoned attorneys and a useful research foundation for new attorneys, legal assistants, and law clerks.

Income for support is not limited to W-2 wages or taxable income on a tax return. Learn about the variety of funds that fall within the definition of “income” through a review of the fundamental concepts underlying all income determinations. Understand the interplay between different types of income, imputed income, the support guidelines, and arguments in support of a deviation from the guidelines.

What factors of the standard of living will a Court consider in view of the guidelines? Is the ability to save for retirement an element that should be considered?

Learn about topics like: what constitutes “substantial change in circumstances,” including implications of pandemic on individuals and businesses; differences and nuances of modification proceedings vs. review proceeds; application of the guidelines; burdens of proof; and other issues related to these post-decree proceedings.

This updated and expanded resource for both the experienced real estate tax attorney and unfamiliar practitioner provides comprehensive guidance about the Illinois Property Tax Code and associated statutes and practical assistance in maneuvering the complex web spun by the intricacies of the Code.

This updated resource is designed for both the experienced real estate tax attorney and unfamiliar practitioner alike. It provides comprehensive guidance about the Illinois Property Tax Code and associated statutes and practical assistance in maneuvering the complex web spun by the intricacies of the Code.

This title assists attorneys dealing with complicated tax issues.