Husband Transfers Using a Minimal Basis Stock
| First Scenario—Husband Transfers Using a Minimal Basis Stock | ||
| ‘ | Husband | Wife |
| Transferred FMV of shares | $35,000 | $35,000 |
| transferred cost basis of shares | 30,000 | 8,000 |
| Taxable profit upon sale | $5,000 | $27,000 |
| Second Scenario—Husband Transfers Shares Similar To Cost Basis | ||
| Husband | Wife | |
| Transferred FMV of shares | $35,000 | $35,000 |
| Transferred cost basis of shares | 19,000 | 19,000 |
| Taxable profit upon sale | $16,000 | $16,000 |
From the illustration above, the FMV is as important as the cost basis. This should be evaluated carefully by advisors and attorneys to ensure a fair settlement and asset distribution. (more…)
The Federal Trade Commission Publishes a Post on Background Assessment Data
A report presented at the national conference, which was sponsored by the Federal Transit Administration at the earlier part of the month revealed that American employees in states that marijuana has been legalized are increasingly failing drug tests on the compound. The research carried out by Quest Diagnostics tracks the outcomes from drug tests in all the 50 states yearly and discovered that 4.2 percent in the average rate of positivity for Colorado and the national population last year. 
Domestic violence causes rifts between millions of spouses and family members every year. It is a serious charge, so if you are accusing someone of domestic violence or are facing an accusation yourself, it is vital that you understand how one of the most common charges of domestic violence — domestic battery — is defined under family law and how it differs from the much broader battery charge.