Category: Tax Consequences

Peltzer v. Peltzer

Trial court was not required to consider tax consequences arising from sale of medical practice as the court found that sale of the practice was reasonably not likely to occur. Trial court is not required to consider speculative or hypothetical tax consequences.

Wahl v. Wahl

No abuse of discretion in refusing to consider the theoretical tax consequences of sale of corporation where sale is neither necessary nor probable. However, where award of property is a taxable event, capital gains consequences must be considered.