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Archive for the ‘Harold Hamm’ Category

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If Harold Hamm’s Divorce Could Be World’s Most Expensive At Over $5B, it makes you wonder how much the IRS will get. After all, the tax man gets a piece of most transactions, often on both sides of the deal. With no prenup, second wife, lawyer and economist Sue Ann Hamm could get the biggest settlement in history, worth over $5 billion.

Oklahoma oil mogul Harold Hamm is worth $11.3 billion, mostly shares of oil giant Continental Resources. Sue Ann Hamm could receive half of his 68% stake, leaving the self-made oilman without control of the company he founded. And then there’s taxes.

Despite the huge dollars, the IRS may not get much at first. If you’re careful, it’s possible to divorce and not face major tax bills immediately. The tax problems often occur down the road.

If you divide property between spouses during marriage (or within limits, even post-divorce), Section 1041 of the tax code says there’s no tax to either party. Enacted in 1984, it reversed a Supreme Court case that ruled property divisions were taxable. Now you can divvy up property between spouses however you want (as long as both spouses are U.S. citizens).

But don’t assume “tax-free” means there are not big tax consequences. When you divide property, don’t only consider the fair market value of the property. You’d better consider the tax basis of the property you divide since that controls future taxes.

from:  http://www.forbes.com/sites/robertwood/2013/03/25/tax-bite-on-oil-billionaire-harold-hamms-record-5b-divorce/

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using the number/letter grid:

 
1      2      3       4       5       6      7      8      9
A      B     C       D       E       F      G      H      I
J      K      L      M      N       O      P      Q      R
S      T      U      V      W      X      Y      Z

Where:

A = 1              J = 1              S = 1

B = 2              K = 2             T = 2

C = 3              L = 3             U = 3

D = 4              M = 4            V = 4

E = 5              N = 5            W = 5

F = 6              O = 6             X = 6

G = 7              P = 7             Y = 7

H = 8              Q = 8             Z = 8

I = 9               R = 9

 

 

Harold Hamm

8          8 

 

his primary challenge = HH = 88 = Unpredictable fluctuations in wealth.

88

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predictions for the year 2013 are at:

http://predictionsyear2013.com/

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discover some of your own numerology for FREE at:

http://numerologybasics.com/

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learn numerology from numerologist to the world, Ed Peterson:

https://www.createspace.com/3411561

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wedding numerology_edited-1

http://marriagenumerology.com/

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