Summary: My wife and I took a trip to Las Vegas this year, and while we did not go over our budget, we did suffer a bit of a loss at the blackjack table in the casino. I have been told by a friend that it may be possible to deduct my gambling losses on […]
Dear Esq., Thank you for reading my e-mail. You are the one I was hoping to contact and get some insight on an issue that has me quite perplexed. The issue is “Child Support”. It is based on gross income and then age of children and number of children. Right? Well then a dollar amount […]
Summary: Newlyweds and the recently divorced should make sure that names on their tax returns match those registered with the Social Security Administration (SSA).
Dear Esq, My husband and I have been married for 21 years. We live in California, and I am considering a divorce. Is his 401K considered community property? What about our separate IRA accounts? Wondering — Dear Wondering, California is indeed a community property state. Generally speaking, anything acquired during the marriage is considered to […]
Dear Esq., I have a full-time job and an Air Force retirement. My ex-wife was not married to me during any of my Air Force time. I also own, but have first mortgages on, some rental properties. Over the past 3 years, the real estate market has been very difficult and I’ve suffered negative income […]