May 21, 2012
The Tax Consequences of Mark Zuckerberg's Marriage
- Forbes: How Mark Zuckerberg's Taxes Change Now That He's Married, by Robert W. Wood (Wood LLP, San Francisco):
What a week! First an unprecedented IPO, then marriage. Yes, Facebook’s Zuckerberg Marries His Longtime Girlfriend Priscilla Chan. ... [W]hat does this latest one-two development mean for the Zuckerberg family tax return?
- Joint v. Separate?
- Separate v. Community?
- Business and Investment Management?
- Gifts During Marriage?
- Divorce Rules
- New York Daily News, Facebook Founder Mark Zuckerberg Put IPO Before ‘I Do’s’:
Facebook founder Mark Zuckerberg displayed perfect timing in uttering two simple words — “I do” — while still cleverly safeguarding his $20 billion fortune, divorce lawyers say. By wedding college sweetheart Priscilla Chan just 24 hours after taking his social media powerhouse public Friday, he’s protecting his wealth, top lawyers say. Zuckerberg can now say his billions were minted before he took the plunge — dramatically lessening Chan’s share in any divorce settlement from the world’s 26th-richest man.
“If they married the day before, it would have made a huge difference,” said Manhattan divorce lawyer Bonnie Rabin. That’s because Zuckerberg’s holdings in Facebook — 533 million shares and an undisputed control of voting rights — could have been considered marital assets if the nuptials had taken place before the company’s initial public offering.
- Don't Mess With Taxes, Mr. and Mrs. Mark Zuckerberg and Their Community Property Taxes, by Kay Bell
- Forbes, Mark Zuckerberg Ties the Knot, But It Isn't All Love And Roses, by Deborah L Jacobs
May 21, 2012 | Permalink
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