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What is “phantom income”? “Phantom income” can be an issue when dealing with divorcing parties that have an ownership interest in a pass-through entity (i.e., a partnership, limited liability company, or sub-chapter S corporation). A pass-through entity (PTE) reports revenues, expenses, and profits on their own tax return. The shareh...

MDRP AND CRDP: A SEA...

Mark E. Sullivan

This article will assist family law practitioners in understanding Military Disability Re...

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