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Lump Sum Settlement Form

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Instructions and help about lump agreement contract

hi i'm marco brown a divorce attorney in salt lake city utah i'm coming here answering the most commonly asked questions on the internet about divorce and the one we have here is is a lump sum divorce settlement taxable but i'm just going to say right up front i am not a cpa i am not an accountant so you need to talk to your cpa and your account about this to make absolutely sure but what i can tell you having helped about 4 000 people through this process is that when you divide up assets and you divide up money and debts in a divorce and then you take that as a lump sum settlement the irs does not tax you because there's there's nothing going on here right this is not income to you it's not anything like that it's assets that already exist are being divided up between two people so there's really nothing happening here and it's not really a taxable event so again go talk to your cpa go talk to your accountant mak

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