Tax Credits as a Marital Asset?

Tax credits as a marital asset?

As if being a family lawyer wasn't hard enough...

Family lawyers should be accounting for any tax credits taken or planned by a business owner going through a divorce.

The Employee Retention Tax Credit (ERTC) under the CARES Act implemented a refundable tax credit for up to $26,000 per employee. This could result in millions of dollars for larger companies.

Family lawyers, remember to add this to your radar during discovery. If not, you can be missing a significant source of cash to a business owner post-divorce. How have you been accounting for ERTCs during divorce cases? Let us know below👇