Hoping someone has an answer for me please -
Ex and I have agreed to settlement terms via a consent order application, including a cash buyout, and have every thing in writing but not yet uploaded into Commcourts.
The filing process has stalled for a few different reasons, none of them are malicious.
He has the cash to pay the agreed amount. If he pays me now, will I be subject to any tax/financial penalties because the consent orders haven't gone through a court approval yet?
Financially, I am getting desperate and don't want to have to pay a massive tax bill on a large cash gain (as I believe I wouldn't if it's part of a separation settlement when consent orders are granted).