Detail Broken Home: Divorce and the Principal Residence   Oleh:  Stolz, David A. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 208 no. 3 (Sep. 2009), page 52. Topik: Broken Home; Divorce; Residence Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.27 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel When Bill and Jen decided to divorce, they never expected their personal residence to become a major problem. Initially, Jen thought she wanted to stay in the house. She was emotionally attached to the home, and she thought remaining in it would help minimize the impact of the divorce on the couple’s daughter, since the home was the only one their daughter had ever known. But now, two years after they agreed to the divorce, it is still not final, because Jen is concerned about a decline in the home’s value and whether she can sell or refinance it if the mortgage and maintenance costs become too great a financial burden. They have not executed a separation agreement. Bill has not lived in the home for more than two years and is becoming more frustrated with his “temporary” status; he, too, would like the matter resolved. In truth, the home that provided a bright spot of enjoyment to them as a family has now become their mini “toxic asset.” In the past, a divorcing couple usually considered the family home one of their more flexible assets. If one spouse wanted to keep and maintain the home, he or she could refinance and buy out the other spouse’s equity. If neither party wanted to stay in the home, it could usually be sold at a price close to their expectations within a few months, almost always without a tax issue. But the current housing and refinance market has changed this situation, and the personal residence now can be one of the more challenging aspects of a divorce. Couples who purchased homes in the last few years may face nondeductible losses; however, those ending longer-term marriages could still realize a significant gain. In addition, the soft market is making it more difficult to determine the amount of gain (sales take longer, and appraisals are more difficult). It’s also more difficult to access the gain through a refinancing or an equity loan. As a result, CPAs can find themselves answering tax questions they never considered before. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved