Abstract

http://ssrn.com/abstract=644622
 


 



Property Transfers Incident to Divorce: the End of a Nightmare, the Opening of Two Loopholes


Steven J. Willis


University of Florida - Fredric G. Levin College of Law

January 6, 2005


Abstract:     
From 1987 until 2002, the assignment of income doctrine applied to property transfers incident to divorce. Since Revenue Ruling 2002-22 was issued, the doctrine has not applied. This article argues that the revenue ruling is poor public policy and it should be revoked. It effectively results in the deductibility of child support and alimony without restriction. As a result, the ruling effectively repeals two important statutory constraints.
For practitioners, however, this can be very beneficial, as it gives substantial tax benefits to some divorcing couples.

Keywords: divorce, tax, property division

JEL Classification: H20, H24

working papers series


Not Available For Download

Date posted: April 14, 2010  

Suggested Citation

Willis, Steven J., Property Transfers Incident to Divorce: the End of a Nightmare, the Opening of Two Loopholes (January 6, 2005). Available at SSRN: http://ssrn.com/abstract=644622

Contact Information

Steven J. Willis (Contact Author)
University of Florida - Fredric G. Levin College of Law ( email )
P.O. Box 117625
Gainesville, FL 32611-7625
United States
(352) 273-0680 (Phone)
(352) 392-7647 (Fax)
HOME PAGE: http://www.law.ufl.edu/faculty/willis/
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