Tax Resolution Attorney John P. Willis Writes About How Hellish Divorce Is Going To Be Post-2018 And Why
Tax resolution attorney John Willis, CEO and founder of IRSALLSTAR talks about the change to divorce laws in the 2017 Tax Cuts And Jobs Act which reverses a 77 year old law created to make the transition easier for the divorcing couple.
Fairhope, AL, May 23, 2019: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently published a blog on his website entitled “The IRS Is Really Messing Up Splitting Up,” in which Mr. Willis gives an overview of the new tax law relating to divorce.
According to Willis, “Divorce pre-2019 was messy but divorce post-2018 is going to be hellish.” He elaborates, “That’s due to the 2017 Tax Cuts and Jobs Act which reverses a law that was introduced 77 years ago. This law was created with the hope of freeing up more money for the divorcing couple and easing the transition from paying taxes jointly to paying separately.”
“With divorce more popular than ever in the U.S.,” says Willis, “this new tax law is really going to make a bigger mess for both parties in the divorce.” He offers a few statistics, “According to the American Psychological Association, currently, approximately 50% of first-time marriages end in divorce and the divorce rate for subsequent marriages is even higher.”
Willis explains, “The heart of the new law is that, for divorces finalized after December 31, 2018, it makes alimony non-tax-deductible for the payer and non-taxable for the recipient. This eliminates the existing tax incentive for bigger support payments.”
The entire blog can be read at: http://www.irsallstar.com/blog/the-irs-is-really-messing-up-splitting-up.php
ABOUT JOHN WILLIS
Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 19 years and, he brings together an abundance of skills and experience that can be of assistance to almost anyone.
ABOUT THE IRSALLSTAR TEAM
The IRSALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed, and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities.
To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.