Tax Returns and Divorce Taxes are one of life's inevitables. You cannot avoid it even while getting a divorce. In this blog post, I lay out three things to understand when dealing with tax returns in divorce. Why you need to get advice before filing a return with (or without) your spouse … [Read more...]
Know the rules: tax consequences of dividing property in divorce.
Getting divorced is tough. Two lives joined together are split asunder and the last thing on anyone’s mind is taxes. However, understanding the impact of taxes on a property division is key to making sure a division of property is truly equitable. Hidden taxes in the property divided can further … [Read more...]
Getting Divorced? Here are Some Tax Traps to Avoid.
Divorce is tough. No doubt about it. So avoiding more bad news is probably a good idea. While I can't make divorce any easier here are some tips on avoiding tax troubles in your divorce: 1. Filing a joint return in your final year of marriage. The instinct that often prevails during divorce is … [Read more...]