Friday, January 28, 2011
Over on the Mauled Again blog (Jan. 21), Jim Maule reviews a TV episode where Judge Judy seems to assume that (1) the transferor spouse in a marital property settlement gets a tax deduction and (2) the recipient must include the property in gross income. Wrong on both counts. This is basic tax law. Who knows how many members of the TV audience are going to take her word for the state of the tax law? Who knows how many audience members are going to mess up their filings? Who will they believe--the Judge or TurboTax? Jim has promised to expose another Judge Judy tax goof soon. Stay tuned.